• Gold spot Intraday: bullish bias above 1217.50


       
     
    Pivot: 1217.50

    Most Likely Scenario: long positions above 1217.50 with targets @ 1242.50 & 1248.00 in extension.

    Alternative scenario: below 1217.50 look for further downside with 1210.00 & 1202.00 as targets.

    Comment: a support base at 1217.50 has formed and has allowed for a temporary stabilisation.

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