Tanalys

GOLD (Spot) intraday: key ST resistance at 1328

Pivot: 1328.00

Our preference: SHORT positions below 1328 with 1303 1290 as next targets.

Alternative scenario: The upside penetration of 1328 will call for 1337 1348.

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

Trend: ST Bullish; MT Range

Key levels Comment

1348** Intraday resistance

1337** Intraday resistance

1328** Intraday pivot point

1308.2 Last

1303* Intraday support

1290** Intraday support

1275** Intraday support

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