Tanalys

Gold spot Intraday: key resistance at 1126.

Pivot: 1126

Our preference: Short positions below 1126 with targets @ 1115.9 1110 in extension.

Alternative scenario: Above 1126 look for further upside with 1130.7 1137 as targets.

Comment: As long as 1126 is resistance, likely decline to 1115.9.

Supports and resistances:

1137

1130.7

1126

1121 Last

1115.9

1110

1104

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