Tanalys

GOLD (Spot) intraday: key ST resistance at 1320

Pivot: 1320.00

Our preference: SHORT positions below 1320 with targets @ 1297 1288.

Alternative scenario: The upside penetration of 1320 will call for a rebound towards 1331 1343.

Comment: as long as 1320 is resistance, likely decline to 1297.

Trend: ST Bearish; MT Bearish

Key levels Comment

1343** Intraday resistance

1331*** Intraday resistance

1320** Intraday pivot point

1313.98 Last

1297** Intraday support

1288** Intraday support

1274** Intraday support

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