• Gold spot Intraday: key resistance at 1164.00.

    Gold spot Intraday: key resistance at 1164.00.

    Gold
    Pivot: 1164.00

    Most Likely Scenario: short positions below 1164.00 with targets at 1157.00 & 1155.00 in extension.

    Alternative scenario: above 1164.00 look for further upside with 1167.00 & 1170.00 as targets.

    Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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