Tanalys

Gold spot Intraday: key resistance at 1215.4.

Pivot: 1215.4

Our preference: Short positions below 1215.4 with targets @ 1197 1188 in extension.

Alternative scenario: Above 1215.4 look for further upside with 1223 1229.6 as targets.

Comment: As long as 1215.4 is resistance, likely decline to 1197.

Supports and resistances:

1229.6 **

1223 **

1215.4 **

1202.23 Last

1197 **

1188 **

1177 *

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