Tanalys

Gold Intraday: capped by a negative trend line.

Pivot: 1286

Our preference: Short positions below 1286 with targets @ 1267 1261 in extension.

Alternative scenario: Above 1286 look for further upside with 1294 1303 as targets.

Comment: as long as 1286 is resistance, likely decline to 1267.

Supports and resistances:

1303

1294

1286

1274.69 Last

1267

1261

1252

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