Tanalys

Gold spot MT: under pressure.

Pivot: 1332

Our preference: Short positions below 1332 with targets @ 1235 1180 in extension.

Alternative scenario: Above 1332 look for further upside with 1390 1434 as targets.

Comment: The RSI is bearish and calls for further downside. The 1272 support is broken.

Supports and resistances:

1434

1390

1332

1248.15 Last

1235

1180

1080

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