Tanalys

Gold spot Intraday: bullish bias above 1067.

Pivot: 1067

Our preference: Long positions above 1067 with targets @ 1080 1084 in extension.

Alternative scenario: Below 1067 look for further downside with 1063.5 1061 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1088

1084

1080

1070 Last

1067

1063.5

1061

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