Tanalys

Gold spot Intraday: key resistance at 1180.

Pivot: 1180

Our preference: Short positions below 1180 with targets @ 1170 1162.5 in extension.

Alternative scenario: Above 1180 look for further upside with 1185 1188 as targets.

Comment: As long as 1180 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1188

1185

1180

1173.97 Last

1170

1162.5

1160

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