Tanalys

Gold spot Intraday: bullish bias above 1164.5.

Pivot: 1164.5

Our preference: Long positions above 1164.5 with targets @ 1176 1185 in extension.

Alternative scenario: Below 1164.5 look for further downside with 1158.3 1151.52 as targets.

Comment: A support base at 1164.5 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1188.2

1185

1176

1165.97 Last

1164.5

1158.3

1151.52

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