Tanalys

Gold spot Intraday: key resistance at 1247.

Pivot: 1247

Our preference: Short positions below 1247 with targets @ 1227.5 1217.4 in extension.

Alternative scenario: Above 1247 look for further upside with 1256 1267 as targets.

Comment: As long as 1247 is resistance, likely decline to 1227.5.

Supports and resistances:

1267 ***

1256 **

1247 ***

1240.33 Last

1227.5 **

1217.4 *

1204 *

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