Gold spot Intraday:
capped by a negative trend line.
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Pivot: 1211.70
Most likely scenario: short positions below 1211.70 with targets at 1200.00 & 1195.00 in extension. Alternative scenario: above 1211.70 look for further upside with 1218.50 & 1222.50 as targets. Comment: the RSI is bearish and calls for further downside. |
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