Tanalys

Gold spot Intraday: key resistance at 1188.5.

Pivot: 1188.5

Our preference: Short positions below 1188.5 with targets @ 1178.6 1169.5 in extension.

Alternative scenario: Above 1188.5 look for further upside with 1193 1200 as targets.

Comment: As long as 1188.5 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1200

1193

1188.5

1186.15 Last

1178.6

1169.5

1160

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