Tanalys

Gold spot Intraday: bullish bias above 1117.

Pivot: 1117

Our preference: Long positions above 1117 with targets @ 1133 1139.5 in extension.

Alternative scenario: Below 1117 look for further downside with 1109 1101 as targets.

Comment: A support base at 1117 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1146.5

1139.5

1133

1124.4 Last

1117

1109

1101

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