Tanalys

GOLD (Spot) intraday: key ST resistance at 1385

Pivot: 1385.00

Our preference: SHORT positions below 1385 with 1353 1347 as next targets.

Alternative scenario: The upside breakout of 1385 will open the way to 1399 1416.

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

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1416** Intraday resistance

1399** Intraday resistance

1385*** Intraday pivot point

1369.67 Last

1353** Intraday support

1347** Intraday support

1334** Intraday support

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