Tanalys

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1590.00

Our preference: LONG positions above 1590 with 1608 1617 in sight.

Alternative scenario: The downside penetration of 1590 will call for 1576 1561.

Comment: supported by a rising trend line.

Trend: ST Ltd downside; MT Range

Key levels Comment

1625*** Horizontal resistance

1617** Intraday resistance

1608** Intraday resistance

1594.8 Last

1590** Intraday pivot point

1576** Intraday support

1561** Intraday support

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