Tanalys

Gold spot ST: the upside prevails.

Pivot: 1072

Our preference: long positions above 1072 with targets @ 1135 1157 in extension.

Alternative scenario: below 1072 look for further downside with 1046 1000 as targets.

Comment: the RSI is supported by a bullish trend line.

Supports and resistances:

1191 *

1157 **

1135 ***

1084.48 Last

1072 ***

1046 **

1000 *

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