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Gold Market Analysis

Gold spot Intraday: under pressure.

Pivot: 1203

Most Likely Scenario: Short positions below 1203 with targets @ 1189 & 1183 in extension.

Alternative scenario: Above 1203 look for further upside with 1209 & 1212.5 as targets.

Comment: As long as 1203 is resistance, expect a return to 1189.

Gold Chart

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Source: FXPRO

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