Tanalys

Gold spot Intraday: limited upside.

Pivot: 1274

Our preference: Long positions above 1274 with targets @ 1288 1292 in extension.

Alternative scenario: Below 1274 look for further downside with 1270 1266 as targets.

Comment: A support base at 1274 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1296

1292

1288

1283 Last

1274

1270

1266

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