Tanalys

Gold spot Intraday: key resistance at 1203.

Pivot: 1203

Our preference: Short positions below 1203 with targets @ 1195 1192 in extension.

Alternative scenario: Above 1203 look for further upside with 1209 1212.5 as targets.

Comment: The index currently faces a challenging resistance area at 1203.

Supports and resistances:

1212.5

1209

1203

1201 Last

1195

1192

1189

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