Tanalys

GOLD (Spot) intraday: rebound in sight.

Pivot: 1360.00

Our preference: LONG positions above 1360 with targets @ 1413 1458.

Alternative scenario: The downside penetration of 1360 will call for 1322 1295.

Comment: the RSI is supported by a bullish trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1487** Fib retracement (61.8%)

1458** Intraday resistance

1413** Intraday resistance

1367.5 Last

1360** Intraday support

1322** Previous low

1295** Fib projection

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