Tanalys

GOLD (Spot) intraday: key ST resistance at 1336

Pivot: 1336.00

Our preference: SHORT positions below 1336 with 1317 1305 as next targets.

Alternative scenario: The upside penetration of 1336 will call for a rebound towards 1344 1349.

Comment: the RSI is bearish and calls for further decline.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1349*** Intraday resistance

1344** Intraday resistance

1336** Intraday pivot point

1321.9 Last

1317** Intraday support

1305** Intraday support

1297** Intraday support

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