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Gold Analysis

Gold spot Intraday: bullish bias above 1169.

Pivot: 1169

Most Likely Scenario: Long positions above 1169 with targets @ 1197 & 1200.8 in extension.

Alternative scenario: Below 1169 look for further downside with 1160 & 1152.5 as targets.

Comment: The RSI is mixed.

Gold Chart

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