Tanalys

GOLD spot intraday: up turn.

Pivot: 1242.00

Our preference: LONG positions above 1242 with targets @ 1279 1294.

Alternative scenario: The downside penetration of 1242 will call for 1226 1212.

Comment: the RSI is supported by a bullish trend line.

Trend: ST Bearish; MT Ltd downside

Key levels Comment

1305** Intraday resistance

1294** Intraday resistance

1279*** Intraday resistance

1261.6 Last

1242** Intraday pivot point

1226** Intraday support

1212** Intraday support

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