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Gold News and Analysis

Pivot: 1165

Most Likely Scenario: Short positions below 1165 with targets @ 1142 & 1131 in extension.

Alternative scenario: Above 1165 look for further upside with 1177 & 1189 as targets.

Comment: As long as 1165 is resistance, likely decline to 1142.

Gold Chart

Gold spot Intraday: under pressure.

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