Tanalys

GOLD (Spot) intraday: key ST resistance at 1406

Pivot: 1406.00

Our preference: SHORT positions below 1406 with 1376 1354 as next targets.

Alternative scenario: The upside penetration of 1406 will call for 1423 1445.

Comment: a break below 1376 would trigger a drop towards 1354.

Trend: ST Bearish; MT Bearish

Key levels Comment

1445** Intraday resistance

1423** Intraday resistance

1406** Intraday pivot point

1384.12 Last

1376** Intraday support

1354** Intraday support

1338** Intraday support

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