Tanalys

Gold spot Intraday: bullish bias above 1174.5.

Pivot: 1174.5

Our preference: Long positions above 1174.5 with targets @ 1187.2 1193.4 in extension.

Alternative scenario: Below 1174.5 look for further downside with 1169 1163 as targets.

Comment: The RSI is mixed to bullish.

Supports and resistances:

1196.3

1193.4

1187.2

1178 Last

1174.5

1169

1163

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