Tanalys

Gold spot Intraday: key resistance at 1209.

Pivot: 1209

Our preference: Short positions below 1209 with targets @ 1195 1190.1 in extension.

Alternative scenario: Above 1209 look for further upside with 1214.75 1219.9 as targets.

Comment: As long as the resistance at 1209 is not surpassed, the risk of the break below 1195 remains high.

Supports and resistances:

1219.9 **

1214.75 **

1209 ***

1200 Last

1195 **

1190.1 **

1186.6 **

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