Tanalys

Gold spot Intraday: bullish bias above 1157.

Pivot: 1157

Our preference: Long positions above 1157 with targets @ 1167 1175 in extension.

Alternative scenario: Below 1157 look for further downside with 1151.7 1147 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

1180

1175

1167

1160 Last

1157

1151.7

1147

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