Tanalys

Gold spot Intraday: bullish bias above 1210.5.

Pivot: 1210.5

Our preference: Long positions above 1210.5 with targets @ 1223.5 1229.6 in extension.

Alternative scenario: Below 1210.5 look for further downside with 1204.3 1201 as targets.

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

Supports and resistances:

1237 **

1229.6 **

1223.5 **

1215 Last

1210.5 **

1204.3 **

1201 **

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