Tanalys

Gold spot Intraday: bullish bias above 1077.7.

Pivot: 1077.7

Our preference: Long positions above 1077.7 with targets @ 1087.4 1090 in extension.

Alternative scenario: Below 1077.7 look for further downside with 1070 1064 as targets.

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

Supports and resistances:

1094.5

1090

1087.4

1080.32 Last

1077.7

1070

1064

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