Tanalys

Gold spot Intraday: intraday support around 1279.

Pivot: 1279

Our preference: Long positions above 1279 with targets @ 1291 1296 in extension.

Alternative scenario: Below 1279 look for further downside with 1274 1266 as targets.

Comment: A support base at 1279 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1302

1296

1291

1280 Last

1279

1274

1266

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