Tanalys

Gold spot Intraday: bullish bias above 1178.3.

Pivot: 1178.3

Our preference: Long positions above 1178.3 with targets @ 1194.5 1199 in extension.

Alternative scenario: Below 1178.3 look for further downside with 1168.5 1160 as targets.

Comment: A support base at 1178.3 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1206.5

1199

1194.5

1185.68 Last

1178.3

1168.5

1160

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