Tanalys

Gold spot ST: capped by a negative trend line.

Pivot: 1188

Our preference: Short positions below 1188 with targets @ 1143 1130 in extension.

Alternative scenario: Above 1188 look for further upside with 1205 1233 as targets.

Comment: As long as 1188 is resistance, likely decline to 1143.

Supports and resistances:

1233 **

1205 *

1188 *

1156.1 Last

1143 ***

1130 *

1080 *

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