• Gold spot Intraday: rebound expected.

    Gold spot Intraday: rebound expected.

       
         
          Pivot: 1165.00

    Most Likely Scenario: long positions above 1165.00 with targets at 1176.12 & 1181.50 in extension.

    Alternative scenario: below 1165.00 look for further downside with 1160.50 & 1157.00 as targets.

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


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