Tanalys

Gold spot Intraday: key resistance at 1111.

Pivot: 1111

Our preference: Short positions below 1111 with targets @ 1102 1098 in extension.

Alternative scenario: Above 1111 look for further upside with 1119 1123 as targets.

Comment: As long as 1111 is resistance, likely decline to 1102.

Supports and resistances:

1123

1119

1111

1109 Last

1102

1098

1093

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