Tanalys

Gold spot MT: limited upside.

Pivot: 1235

Our preference: Long positions above 1235 with targets @ 1361 1434 in extension.

Alternative scenario: Below 1235 look for further downside with 1180 1134 as targets.

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

Supports and resistances:

1485

1434

1361

1327 Last

1235

1180

1134

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