Tanalys

Gold spot Intraday: bullish bias above 1132.

Pivot: 1132

Our preference: Long positions above 1132 with targets @ 1143 1147 in extension.

Alternative scenario: Below 1132 look for further downside with 1124.5 1116.7 as targets.

Comment: A support base at 1132 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1150.9

1147

1143

1137.36 Last

1132

1124.5

1116.7

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