Tanalys

Gold spot Intraday: key resistance at 1187.

Pivot: 1187

Our preference: Short positions below 1187 with targets @ 1180 1178 in extension.

Alternative scenario: Above 1187 look for further upside with 1195 1204 as targets.

Comment: As long as 1187 is resistance, likely decline to 1180.

Supports and resistances:

1204

1195

1187

1182.21 Last

1180

1178

1170

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