Tanalys

Gold spot Intraday: watch 1265.

Pivot: 1249

Our preference: Long positions above 1249 with targets @ 1262 1265 in extension.

Alternative scenario: Below 1249 look for further downside with 1242 1234 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:

1278 **

1265 **

1262 **

1255 Last

1249 **

1242 **

1234 **

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