Tanalys

Gold spot Intraday: key resistance at 1172.

Pivot: 1172

Our preference: Short positions below 1172 with targets @ 1161 1156 in extension.

Alternative scenario: Above 1172 look for further upside with 1181 1184.5 as targets.

Comment: As long as 1172 is resistance, likely decline to 1161.

Supports and resistances:

1184.5

1181

1172

1165.35 Last

1161

1156

1151

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