Tanalys

Gold spot ST: key resistance at 1205.

Pivot: 1205

Our preference: Short positions below 1205 with targets @ 1156 1130 in extension.

Alternative scenario: Above 1205 look for further upside with 1233 1255 as targets.

Comment: As long as 1205 is resistance, likely decline to 1156.

Supports and resistances:

1255 **

1233 *

1205 *

1166.54 Last

1156 ***

1130 *

1080 *

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