Tanalys

Gold spot Intraday: turning up.

Pivot: 1239

Our preference: Long positions above 1239 with targets @ 1251 1257 in extension.

Alternative scenario: Below 1239 look for further downside with 1231 1227 as targets.

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

Supports and resistances:

1262 **

1257 **

1251 **

1246 Last

1239 **

1231 **

1227 **

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