Tanalys

Gold spot Intraday: bullish bias above 1114.5.

Pivot: 1114.5

Our preference: long positions above 1114.5 with targets @ 1128 1133 in extension.

Alternative scenario: below 1114.5 look for further downside with 1109.5 1104.5 as targets.

Comment: a support base at 1114.5 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1138

1133

1128

1119.09 Last

1114.5

1109.5

1104.5

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