Tanalys

Gold spot Intraday: bullish bias above 1192.4.

Pivot: 1192.4

Our preference: Long positions above 1192.4 with targets @ 1213.1 1215.8 in extension.

Alternative scenario: Below 1192.4 look for further downside with 1185 1180 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1224.45

1215.8

1213.1

1204.05 Last

1192.4

1185

1180

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