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Gold Pivot Point 15 April , 2015

Gold spot Intraday: capped by a negative trend line.

Pivot: 1197

Most Likely Scenario: Short positions below 1197 with targets @ 1183.5 & 1178 in extension.

Alternative scenario: Above 1197 look for further upside with 1200 & 1202.75 as targets.

Comment: As long as 1197 is resistance, likely decline to 1183.5.

Gold Chart

Gold chart 2015.04.15

Source: FxPro Forex Broker

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