Tanalys

GOLD (Spot) intraday: key ST resistance at 1441

Pivot: 1441.00

Our preference: SHORT positions below 1441 with 1419 1404 in sight.

Alternative scenario: The upside penetration of 1441 will call for 1449 1462.

The RSI lacks upward momentum.

Trend: ST Bearish; MT Bearish

Key levels Comment

1462** Intraday resistance

1449*** Previous high

1441** Intraday pivot point

1428 Last

1419** Fib retracement (38.2%)

1404** Fib retracement (50%)

1385** Fib retracement (61.8%)

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