Tanalys

GOLD (Spot) intraday: key ST resistance at 1326

Pivot: 1326.00

Our preference: SHORT positions below 1326 with targets @ 1275 1265.

Alternative scenario: The upside breakout of 1326 will open the way to 1351 1375.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Bearish; MT Bearish

Key levels Comment

1375** Intraday resistance

1351** Fib retracement (61.8%)

1326** Intraday pivot point

1295.13 Last

1275* Fib projection

1265*** Horizontal support

1230* Fib projection

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version