Tanalys

Gold spot Intraday: key resistance at 1162.5.

Pivot: 1162.5

Our preference: Short positions below 1162.5 with targets @ 1148 1144 in extension.

Alternative scenario: Above 1162.5 look for further upside with 1169 1175 as targets.

Comment: The RSI is mixed to bearish.

Supports and resistances:

1175

1169

1162.5

1153 Last

1148

1144

1138

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