Tanalys

Gold spot Intraday: bullish bias above 1070.

Pivot: 1070

Our preference: long positions above 1070 with targets @ 1082 1086 in extension.

Alternative scenario: below 1070 look for further downside with 1066 1063.3 as targets.

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

Supports and resistances:

1089

1086

1082

1072.28 Last

1070

1066

1063.3

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