Tanalys

Gold spot Intraday: intraday support around 1308.

Pivot: 1308

Our preference: Long positions above 1308 with targets @ 1323 1329 in extension.

Alternative scenario: Below 1308 look for further downside with 1301.5 1297 as targets.

Comment: A support base at 1308 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1336

1329

1323

1312.26 Last

1308

1301.5

1297

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