Tanalys

Gold spot Intraday: bullish bias above 1129.

Pivot: 1129

Our preference: Long positions above 1129 with targets @ 1139 1142 in extension.

Alternative scenario: Below 1129 look for further downside with 1127 1123 as targets.

Comment: A support base at 1129 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1145.5

1142

1139

1132.03 Last

1129

1127

1123

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