Tanalys

Gold spot Intraday: bullish bias above 1142.

Pivot: 1142

Our preference: Long positions above 1142 with targets @ 1151 1157 in extension.

Alternative scenario: Below 1142 look for further downside with 1136 1129 as targets.

Comment: A support base at 1142 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1162

1157

1151

1145.08 Last

1142

1136

1129

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