Tanalys

Gold spot Intraday: key resistance at 1265.

Pivot: 1265

Our preference: Short positions below 1265 with targets @ 1244 1231 in extension.

Alternative scenario: Above 1265 look for further upside with 1279 1293 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

1293 **

1279 **

1265 **

1252 Last

1244 **

1231 **

1218 **

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