Tanalys

Gold spot Intraday: key resistance at 1212.

Pivot: 1212

Our preference: Short positions below 1212 with targets @ 1201 1194.1 in extension.

Alternative scenario: Above 1212 look for further upside with 1220 1223 as targets.

Comment: As long as 1212 is resistance, likely decline to 1201.

Supports and resistances:

1223 **

1220 **

1212 ***

1208.5 Last

1201 **

1194.1 **

1190.5 **

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