Tanalys

Gold spot ST: limited upside.

Pivot: 1180

Our preference: Long positions above 1180 with targets @ 1255 1297 in extension.

Alternative scenario: Below 1180 look for further downside with 1125 1080 as targets.

Comment: The RSI is mixed.

Supports and resistances:

1350 *

1297 **

1255 **

1200.08 Last

1180 ***

1125 **

1080 *

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