Tanalys

Gold spot Intraday: supported by a rising trend line.

Pivot: 1254

Our preference: Long positions above 1254 with targets @ 1274 1279 in extension.

Alternative scenario: Below 1254 look for further downside with 1247 1238 as targets.

Comment: the next resistances are at 1274 and then at 1279.

Supports and resistances:

1294

1279

1274

1262 Last

1254

1247

1238

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