Tanalys

GOLD (Spot) intraday: key ST resistance at 1422

GOLD (Spot) intraday: key ST resistance at 1422

Pivot: 1422.00

Our preference: SHORT positions below 1422 with targets @ 1395 1384.

Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1430 1440.

Comment: the RSI is below its neutrality area at 50%

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1440* Fib projection

1430** Intraday resistance

1422*** Intraday resistance

1409.17 Last

1395** Intraday pivot point

1384** Intraday support

1378** Intraday support

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