Tanalys

Gold spot Intraday: the downside prevails.

Pivot: 1215

Our preference: Short positions below 1215 with targets @ 1180 1167 in extension.

Alternative scenario: Above 1215 look for further upside with 1227 1245 as targets.

Comment: as long as 1215 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1245

1227

1215

1204.74 Last

1180

1167

1155

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