Tanalys

Gold spot Intraday: key resistance at 1110.

Pivot: 1110

Our preference: short positions below 1110 with targets @ 1091 1086 in extension.

Alternative scenario: above 1110 look for further upside with 1114 1121 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:

1121

1114

1110

1098 Last

1091

1086

1082

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