Tanalys

Gold spot Intraday: key resistance at 1213.75.

Pivot: 1213.75

Our preference: Short positions below 1213.75 with targets @ 1200 1191 in extension.

Alternative scenario: Above 1213.75 look for further upside with 1224 1232 as targets.

Comment: As long as 1213.75 is resistance, likely decline to 1200.

Supports and resistances:

1232

1224

1213.75

1212.16 Last

1200

1191

1179

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