Tanalys

Gold spot Intraday: bullish bias above 1074.7.

Pivot: 1074.7

Our preference: long positions above 1074.7 with targets @ 1082 1083.6 in extension.

Alternative scenario: below 1074.7 look for further downside with 1072.5 1070 as targets.

Comment: a support base at 1074.7 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1086

1083.6

1082

1080.03 Last

1074.7

1072.5

1070

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