Tanalys

Gold spot Intraday: bullish bias above 1112.

Pivot: 1112

Our preference: Long positions above 1112 with targets @ 1127 1135 in extension.

Alternative scenario: Below 1112 look for further downside with 1102 1093.7 as targets.

Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1145

1135

1127

1114.42 Last

1112

1102

1093.7

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