Tanalys

Gold spot Intraday: bullish bias above 1221.

Pivot: 1221

Our preference: Long positions above 1221 with targets @ 1237 1245 in extension.

Alternative scenario: Below 1221 look for further downside with 1210 1200 as targets.

Comment: A support base at 1221 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1255

1245

1237

1224.16 Last

1221

1210

1200

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