Tanalys

Gold spot ST: under pressure.

Pivot: 1255

Our preference: Short positions below 1255 with targets @ 1165 1130 in extension.

Alternative scenario: Above 1255 look for further upside with 1275 1307 as targets.

Comment: As long as 1255 is resistance, likely decline to 1165.

Supports and resistances:

1307 *

1275 **

1255 ***

1201.75 Last

1165 *

1130 ***

1085 *

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