Tanalys

Gold spot intraday: the downside prevails.

Pivot: 1227.00

Our preference: SHORT positions below 1227 with 1180 1167 in sight.

Alternative scenario: The upside breakout of 1227 will open the way to 1245 1268.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1268** Intraday resistance

1245*** Intraday resistance

1227*** Intraday pivot point

1197.2 Last

1180** Intraday support

1167** Intraday support

1155** Intraday support

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