Tanalys

Gold spot Intraday: key resistance at 1297.

Pivot: 1297

Our preference: Short positions below 1297 with targets @ 1283 1276 in extension.

Alternative scenario: Above 1297 look for further upside with 1307 1315 as targets.

Comment: As long as 1297 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1315

1307

1297

1292 Last

1283

1276

1254

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