Tanalys

Gold spot Intraday: bullish bias above 1195.

Pivot: 1195

Our preference: Long positions above 1195 with targets @ 1209 1212.5 in extension.

Alternative scenario: Below 1195 look for further downside with 1189 1183.5 as targets.

Comment: A support base at 1195 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1220

1212.5

1209

1197 Last

1195

1189

1183.5

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