Tanalys

Gold spot Intraday: key resistance at 1274.

Pivot: 1274

Our preference: Short positions below 1274 with targets @ 1252 1234 in extension.

Alternative scenario: Above 1274 look for further upside with 1285 1293 as targets.

Comment: As long as 1274 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1293 **

1285 **

1274 ***

1265 Last

1252 **

1234 **

1224 *

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