Tanalys

Gold spot Intraday: watch 1294.

Pivot: 1277

Our preference: Long positions above 1277 with targets @ 1294 1299 in extension.

Alternative scenario: Below 1277 look for further downside with 1272 1265 as targets.

Comment: The RSI broke above a declining trend line.

Supports and resistances:

1305

1299

1294 *

1291 Last

1277

1272

1265

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