Tanalys

Gold spot Intraday: bullish bias above 1162.

Pivot: 1162

Our preference: Long positions above 1162 with targets @ 1170.2 1175 in extension.

Alternative scenario: Below 1162 look for further downside with 1158.6 1156 as targets.

Comment: A support base at 1162 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1179.4

1175

1170.2

1166.18 Last

1162

1158.6

1156

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