Tanalys

Gold spot Intraday: bullish bias above 1176.

Pivot: 1176

Our preference: Long positions above 1176 with targets @ 1192 1196 in extension.

Alternative scenario: Below 1176 look for further downside with 1163 1151.5 as targets.

Comment: A support base at 1176 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1204

1196

1192

1182.71 Last

1176

1163

1151.5

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