Tanalys

Gold spot intraday: turning down.

Pivot: 1209.00

Our preference: SHORT positions below 1209 with 1187 1180 as next targets.

Alternative scenario: The upside penetration of 1209 will call for 1219 1227.

Comment: the RSI has broken down its 30 level.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1227** Intraday resistance

1219** Intraday resistance

1209** Intraday resistance

1196.1 Last

1187** Intraday pivot point

1180*** Intraday support

1167** Intraday support

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