Tanalys

Gold spot Intraday: bullish bias above 1111.8.

Pivot: 1111.8

Our preference: Long positions above 1111.8 with targets @ 1127 1135 in extension.

Alternative scenario: Below 1111.8 look for further downside with 1101.3 1093.7 as targets.

Comment: A support base at 1111.8 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1145

1135

1127

1116.72 Last

1111.8

1101.3

1093.7

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