Tanalys

Gold spot Intraday: bullish bias above 1130.

Pivot: 1130

Our preference: Long positions above 1130 with targets @ 1142.3 1148.5 in extension.

Alternative scenario: Below 1130 look for further downside with 1122.5 1112 as targets.

Comment: A support base at 1130 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1157

1148.5

1142.3

1135.14 Last

1130

1122.5

1112

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