Tanalys

GOLD (Spot) intraday: key ST resistance at 1403

Pivot: 1403.00

Our preference: SHORT positions below 1403 with targets @ 1374 1369.

Alternative scenario: The upside penetration of 1403 will call for 1416 1423.

Comment: the RSI is mixed and calls for caution.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1423** Intraday resistance

1416** Intraday resistance

1403*** Intraday pivot point

1390.9 Last

1374** Intraday support

1369** Intraday support

1354** Intraday support

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