Tanalys

Gold spot Intraday: key resistance at 1299.

Pivot: 1299

Our preference: Short positions below 1299 with targets @ 1279 1272 in extension.

Alternative scenario: Above 1299 look for further upside with 1307 1320 as targets.

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

Supports and resistances:

1320

1307

1299

1284 Last

1279

1272

1260

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