Tanalys

Gold spot Intraday: key resistance at 1184.5.

Pivot: 1184.5

Our preference: Short positions below 1184.5 with targets @ 1170 1166 in extension.

Alternative scenario: Above 1184.5 look for further upside with 1191.5 1197.5 as targets.

Comment: As long as 1184.5 is resistance, likely decline to 1170.

Supports and resistances:

1197.5

1191.5

1184.5

1175.93 Last

1170

1166

1162

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