Tanalys

Gold spot MT: bounce.

Pivot: 1285

Our preference: Long positions above 1285 with targets @ 1390 1434 in extension.

Alternative scenario: Below 1285 look for further downside with 1240 1185 as targets.

Comment: The RSI broke above a bearish trend line.

Supports and resistances:

1520

1434

1390

1343 Last

1285

1240

1185

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