Tanalys

Gold spot Intraday: bullish bias above 1191.

Pivot: 1191

Our preference: Long positions above 1191 with targets @ 1211 1222 in extension.

Alternative scenario: Below 1191 look for further downside with 1185 1169 as targets.

Comment: A support base at 1191 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1236 **

1222 ***

1211 **

1205.17 Last

1191 ***

1185 *

1169 *

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