Tanalys

Gold spot ST: further advance.

Pivot: 1218

Our preference: Long positions above 1218 with targets @ 1340 1393 in extension.

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

Comment: The RSI is well directed.

Supports and resistances:

1434 *

1393 **

1340 ***

1292.41 Last

1218 ***

1165 **

1128 *

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