Tanalys

Gold spot Intraday: bullish bias above 1281.

Pivot: 1281

Our preference: Long positions above 1281 with targets @ 1313 1330 in extension.

Alternative scenario: Below 1281 look for further downside with 1267 1254 as targets.

Comment: The RSI has just landed on a support around 30% and is reversing up.

Supports and resistances:

1342

1330

1313

1290 Last

1281

1267

1254

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