Tanalys

GOLD (Spot) intraday: key ST resistance at 1478

Pivot: 1478.00

Our preference: SHORT positions below 1478 with 1459 1450 in sight.

Alternative scenario: The upside breakout of 1478 will open the way to 1488 1507.

Comment: as long as 1478 is resistance, look for choppy price action with a bearish bias.

Trend: ST Bearish; MT Bearish

Key levels Comment

1507** Intraday resistance

1488*** Previous high

1478** Intraday pivot point

1469.93 Last

1459** Intraday support

1450** Intraday support

1441** Previous low

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