Tanalys

Gold spot Intraday: key resistance at 1205.

Pivot: 1205

Our preference: Short positions below 1205 with targets @ 1175 1168 in extension.

Alternative scenario: Above 1205 look for further upside with 1221 1236 as targets.

Comment: As long as 1205 is resistance, likely decline to 1175.

Supports and resistances:

1236

1221

1205

1194 Last

1175

1168

1156

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