Tanalys

Gold spot Intraday: bullish bias above 1199.

Pivot: 1199

Our preference: Long positions above 1199 with targets @ 1214 1222 in extension.

Alternative scenario: Below 1199 look for further downside with 1191 1187 as targets.

Comment: The RSI is supported by a bullish trend line.

Supports and resistances:

1236 ***

1222 **

1214 ***

1210 Last

1199 ***

1191 *

1187 *

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