Tanalys

Gold spot ST: bullish bias above 1218.

Pivot: 1218

Our preference: Long positions above 1218 with targets @ 1275 1307 in extension.

Alternative scenario: Below 1218 look for further downside with 1165 1128 as targets.

Comment: The RSI is mixed.

Supports and resistances:

1340 *

1307 **

1275 ***

1235.95 Last

1218 ***

1165 **

1128 *

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