Tanalys

Gold spot Intraday: key resistance at 1116.

Pivot: 1116

Our preference: Short positions below 1116 with targets @ 1101 1094 in extension.

Alternative scenario: Above 1116 look for further upside with 1126 1130.7 as targets.

Comment: As long as 1116 is resistance, likely decline to 1101.

Supports and resistances:

1130.7

1126

1116

1112.17 Last

1101

1094

1082

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