Tanalys

GOLD (Spot) intraday: key ST resistance at 1332

Pivot: 1332.00

Our preference: SHORT positions below 1332 with targets @ 1307 1291.

Alternative scenario: The upside penetration of 1332 will call for 1346 1358.

Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.

Trend: ST Bearish; MT Bearish

Key levels Comment

1358** Intraday resistance

1346** Fib retracement (50%)

1332** Intraday pivot point

1314.2 Last

1307** Intraday support

1291** Intraday support

1272** Intraday support

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