Tanalys

Gold spot Intraday: key resistance at 1096.

Pivot: 1096

Our preference: Short positions below 1096 with targets @ 1085 1079 in extension.

Alternative scenario: Above 1096 look for further upside with 1103 1111 as targets.

Comment: As long as 1096 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1111

1103

1096

1088.7 Last

1085

1079

1072

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