Tanalys

Gold spot Intraday: key resistance at 1200.

Pivot: 1200

Our preference: Short positions below 1200 with targets @ 1185 1177 in extension.

Alternative scenario: Above 1200 look for further upside with 1207 1212.5 as targets.

Comment: The RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances:

1212.5

1207

1200

1191 Last

1185

1177

1169.5

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