Tanalys

Gold spot Intraday: bullish bias above 1212.

Pivot: 1212

Our preference: Long positions above 1212 with targets @ 1227 1237 in extension.

Alternative scenario: Below 1212 look for further downside with 1200 1191 as targets.

Comment: A support base at 1212 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1245

1237

1227

1222.65 Last

1212

1200

1191

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