Tanalys

Gold spot Intraday: bullish bias above 1188.

Pivot: 1188

Our preference: Long positions above 1188 with targets @ 1209.4 1216 in extension.

Alternative scenario: Below 1188 look for further downside with 1180 1175 as targets.

Comment: The break above the resistance at 1188 triggered an upward acceleration to 1209.4.

Supports and resistances:

1224

1216

1209.4

1202.65 Last

1188

1180

1175

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