Tanalys

Gold spot Intraday: bullish bias above 1275.

Pivot: 1275

Our preference: Long positions above 1275 with targets @ 1296 1303 in extension.

Alternative scenario: Below 1275 look for further downside with 1266 1259 as targets.

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

Supports and resistances:

1308

1303

1296

1292 Last

1275

1266

1259

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