Tanalys

Gold spot Intraday: key resistance at 1154.

Pivot: 1154

Our preference: Short positions below 1154 with targets @ 1130 1119 in extension.

Alternative scenario: Above 1154 look for further upside with 1165 1170 as targets.

Comment: As long as 1154 is resistance, likely decline to 1130.

Supports and resistances:

1170

1165

1154

1140.23 Last

1130

1119

1110

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