Tanalys

Gold spot Intraday: key resistance at 1220.

Pivot: 1220

Our preference: Short positions below 1220 with targets @ 1201 1190.5 in extension.

Alternative scenario: Above 1220 look for further upside with 1223 1229.6 as targets.

Comment: As long as 1220 is resistance, likely decline to 1201.

Supports and resistances:

1229.6 **

1223 **

1220 ***

1210.15 Last

1201 **

1190.5 **

1185 **

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