Tanalys

Gold spot Intraday: turning down.

Pivot: 1236

Our preference: Short positions below 1236 with targets @ 1215 1204 in extension.

Alternative scenario: Above 1236 look for further upside with 1245 1252 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

1252

1245

1236

1225 Last

1215

1204

1187

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