Tanalys

Gold spot Intraday: intraday support around 1307.

Pivot: 1307

Our preference: Long positions above 1307 with targets @ 1322 1332 in extension.

Alternative scenario: Below 1307 look for further downside with 1297 1286 as targets.

Comment: a support base at 1307 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1346

1332

1322

1309 Last

1307

1297

1286

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