Tanalys

Gold spot Intraday: intraday support around 1093.5.

Pivot: 1093.5

Our preference: long positions above 1093.5 with targets @ 1102.5 1106 in extension.

Alternative scenario: below 1093.5 look for further downside with 1090.5 1086 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1110

1106

1102.5

1097.29 Last

1093.5

1090.5

1086

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