Tanalys

Gold spot Intraday: key resistance at 1150.

Pivot: 1150

Our preference: Short positions below 1150 with targets @ 1120 1105 in extension.

Alternative scenario: Above 1150 look for further upside with 1161 1175 as targets.

Comment: As long as 1150 is resistance, expect a return to 1120.

Supports and resistances:

1175

1161

1150

1146.42 Last

1120

1105

1088

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