Tanalys

Gold spot Intraday: bullish bias above 1183.5.

Pivot: 1183.5

Our preference: Long positions above 1183.5 with targets @ 1194 1198 in extension.

Alternative scenario: Below 1183.5 look for further downside with 1180 1178 as targets.

Comment: A support base at 1183.5 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1204

1198

1194

1187.6 Last

1183.5

1180

1178

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