Tanalys

Gold spot Intraday: bullish bias above 1173.

Pivot: 1173

Our preference: Long positions above 1173 with targets @ 1195 1205 in extension.

Alternative scenario: Below 1173 look for further downside with 1168 1156 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:

1212

1205

1195

1187.3 Last

1173

1168

1156

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