Tanalys

Gold spot Intraday: key resistance at 1273.

Pivot: 1273

Our preference: Short positions below 1273 with targets @ 1259 1251 in extension.

Alternative scenario: Above 1273 look for further upside with 1285 1290 as targets.

Comment: As long as the resistance at 1273 is not surpassed, the risk of the break below 1259 remains high.

Supports and resistances:

1290

1285

1273

1270 Last

1259

1251

1245

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