Tanalys

Gold (spot) Intraday: the bias remains bullish.

Pivot: 1242

Our preference: Long positions above 1242 with targets @ 1279 1294 in extension.

Alternative scenario: Below 1242 look for further downside with 1226 1212 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:

1305

1294

1279

1259 Last

1242

1226

1212

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