Tanalys

GOLD (Spot) intraday: towards 1244

Pivot: 1309.00

Our preference: SHORT positions below 1309 with targets @ 1266 1244.

Alternative scenario: The upside penetration of 1309 will call for a rebound towards 1328 1339.

Comment: the break below 1309 is a negative signal that has opened a path to 1266.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1339** Horizontal resistance

1328** Horizontal resistance

1309*** Intraday pivot point

1291.7 Last

1266** Intraday support

1244** Fib retracement (61.8%)

1208** Intraday support

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