Tanalys

Gold spot Intraday: key resistance at 1208.

Pivot: 1208

Our preference: Short positions below 1208 with targets @ 1190 1180 in extension.

Alternative scenario: Above 1208 look for further upside with 1221.5 1231 as targets.

Comment: As long as 1208 is resistance, likely decline to 1190.

Supports and resistances:

1231

1221.5

1208

1198.82 Last

1190

1180

1165

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