Tanalys

Gold spot Intraday: key resistance at 1074.

Pivot: 1074

Our preference: short positions below 1074 with targets @ 1064 1059 in extension.

Alternative scenario: above 1074 look for further upside with 1077 1081.5 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

1081.5

1077

1074

1067.9 Last

1064

1059

1053.5

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