Tanalys

Gold spot Intraday: key resistance at 1097.5.

Pivot: 1097.5

Our preference: Short positions below 1097.5 with targets @ 1080 1073 in extension.

Alternative scenario: Above 1097.5 look for further upside with 1105 1115 as targets.

Comment: As long as 1097.5 is resistance, likely decline to 1080.

Supports and resistances:

1115

1105

1097.5

1086.71 Last

1080

1073

1065

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