Tanalys

Gold spot Intraday: intraday support around 1185.

Pivot: 1185

Our preference: Long positions above 1185 with targets @ 1204 1209.3 in extension.

Alternative scenario: Below 1185 look for further downside with 1180 1178 as targets.

Comment: A support base at 1185 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1214.9

1209.3

1204

1193.8 Last

1185

1180

1178

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