Tanalys

Gold spot Intraday: key resistance at 1106.

Pivot: 1106

Our preference: Short positions below 1106 with targets @ 1086.5 1077 in extension.

Alternative scenario: Above 1106 look for further upside with 1119 1129.4 as targets.

Comment: As long as 1106 is resistance, likely decline to 1086.5.

Supports and resistances:

1129.4

1119

1106

1095.52 Last

1086.5

1077

1073

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