Tanalys

Gold spot Intraday: bullish bias above 1289.

Pivot: 1289

Our preference: Long positions above 1289 with targets @ 1315 1331 in extension.

Alternative scenario: Below 1289 look for further downside with 1276 1254 as targets.

Comment: A support base at 1289 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1342

1331

1315

1296 Last

1289

1276

1254

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