Tanalys

Gold spot Intraday: key resistance at 1235.

Pivot: 1235

Our preference: Short positions below 1235 with targets @ 1221.5 1208 in extension.

Alternative scenario: Above 1235 look for further upside with 1240 1246 as targets.

Comment: As long as 1235 is resistance, likely decline to 1221.5.

Supports and resistances:

1246

1240

1235

1230.2 Last

1221.5

1208

1200

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