Tanalys

Gold spot Intraday: key resistance at 1159.

Pivot: 1159

Our preference: Short positions below 1159 with targets @ 1143.2 1134.6 in extension.

Alternative scenario: Above 1159 look for further upside with 1163 1170.3 as targets.

Comment: As long as 1159 is resistance, likely decline to 1143.2.

Supports and resistances:

1170.3

1163

1159

1150.83 Last

1143.2

1134.6

1123

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