Tanalys

GOLD (Spot) intraday: key ST resistance at 1337

Pivot: 1337.00

Our preference: SHORT positions below 1337 with 1317 1310 in sight.

Alternative scenario: The upside penetration of 1337 will call for a rebound towards 1348 1360.

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

Trend: ST Bullish; MT Range

Key levels Comment

1360*** Intraday resistance

1348** Intraday resistance

1337** Intraday pivot point

1325.5 Last

1317** Intraday support

1310** Intraday support

1290** Intraday support

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