Monday, 6 March 2017

US OPEN - GOLD Forex Trading Signal

Gold spot Intraday: rebound expected.
Pivot: 1230.50

Most likely scenario: long positions above 1230.50 with targets at 1237.00 & 1242.20 in extension.

Alternative scenario: below 1230.50 look for further downside with 1226.00 & 1222.50 as targets.

Comment: a support base at 1230.50 has formed and has allowed for a temporary stabilisation.

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