Gold spot Intraday: bullish bias above 1164.5
Pivot: 1164.5
Our preference: Long positions above 1164.5 with targets @ 1176 & 1185 in extension.
Alternative scenario: Below 1164.5 look for further downside with 1158.3 & 1151.52 as targets.
Comment: A support base at 1164.5 has formed and has allowed for a temporary stabilisation.
