Tanalys

Gold spot Intraday: key resistance at 1246.

Pivot: 1246

Our preference: Short positions below 1246 with targets @ 1227 1218 in extension.

Alternative scenario: Above 1246 look for further upside with 1255 1267 as targets.

Comment: as long as 1246 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1267

1255

1246

1241.4 Last

1227

1218

1213

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