Tanalys

Gold spot Intraday: key resistance at 1202.5.

Pivot: 1202.5

Our preference: Short positions below 1202.5 with targets @ 1183.5 1180 in extension.

Alternative scenario: Above 1202.5 look for further upside with 1209.5 1215.8 as targets.

Comment: As long as 1202.5 is resistance, likely decline to 1183.5.

Supports and resistances:

1215.8

1209.5

1202.5

1192.6 Last

1183.5

1180

1174

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