Tanalys

Gold (spot) Intraday: capped by a negative trend line.

Pivot: 1270

Our preference: Short positions below 1270 with targets @ 1222 1209 in extension.

Alternative scenario: Above 1270 look for further upside with 1279 1286 as targets.

Comment: the immediate trend remains down and the momentum is strong.

Supports and resistances:

1286

1279

1270

1243 Last

1222

1209

1180

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