Tanalys

Gold spot Intraday: bullish bias above 1217.

Pivot: 1217

Our preference: Long positions above 1217 with targets @ 1227 1237 in extension.

Alternative scenario: Below 1217 look for further downside with 1210 1200 as targets.

Comment: A support base at 1217 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1245

1237

1227

1223.93 Last

1217

1210

1200

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