Tanalys

Gold spot Intraday: key resistance at 1105.

Pivot: 1105

Our preference: short positions below 1105 with targets @ 1091 1086 in extension.

Alternative scenario: above 1105 look for further upside with 1114 1121 as targets.

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

Supports and resistances:

1121

1114

1105

1095 Last

1091

1086

1082

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