Tanalys

Gold spot Intraday: the upside prevails.

Pivot: 1227

Our preference: Long positions above 1227 with targets @ 1252 1256 in extension.

Alternative scenario: Below 1227 look for further downside with 1218 1208 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

1265

1256

1252

1244 Last

1227

1218

1208

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