Tanalys

Gold spot Intraday: bullish bias above 1063.5.

Pivot: 1063.5

Our preference: Long positions above 1063.5 with targets @ 1074.7 1080 in extension.

Alternative scenario: Below 1063.5 look for further downside with 1058 1052.5 as targets.

Comment: The RSI broke above a bearish trend line.

Supports and resistances:

1085

1080

1074.7

1070.17 Last

1063.5

1058

1052.5

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