Tanalys

Gold spot ST: key resistance at 1233.

Pivot: 1233

Our preference: Short positions below 1233 with targets @ 1160 1130 in extension.

Alternative scenario: Above 1233 look for further upside with 1255 1309 as targets.

Comment: As long as 1233 is resistance, likely decline to 1160.

Supports and resistances:

1309 **

1255 *

1233 *

1174.47 Last

1160 ***

1130 *

1080 *

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