• Gold spot Intraday: bullish bias above 1222.50.

    Gold spot Intraday: bullish bias above 1222.50.

       
      Pivot: 1222.50

    Most Likely Scenario: long positions above 1222.50 with targets @ 1232.00 & 1236.80 in extension.

    Alternative scenario: below 1222.50 look for further downside with 1214.50 & 1208.50 as targets.

    Comment: a support base at 1222.50 has formed and has allowed for a temporary stabilisation.

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