Tanalys

GOLD (Spot) intraday: the downside prevails.

Pivot: 1592.00

Our preference: SHORT positions below 1592 with 1576 1565 as next targets.

Alternative scenario: The upside penetration of 1592 will call for 1604 1608.

Comment: the break below 1592 is a negative signal that has opened a path to 1576.

Trend: ST Ltd downside; MT Range

Key levels Comment

1608** Horizontal resistance

1604** Intraday resistance

1592*** Intraday pivot point

1582.4 Last

1576** Intraday pivot point

1565** Intraday support

1556** Intraday support

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