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Gold Pivot Point (2015.06.23)

Source: FxPro Forex Broker

Pivot: 1190.5

Most Likely Scenario: Short positions below 1190.5 with targets @ 1179.8 & 1174.3 in extension.

Alternative scenario: Above 1190.5 look for further upside with 1194 & 1198 as targets.

Comment: As long as 1190.5 is resistance, likely decline to 1179.8.

Gold Chart

Gold

 

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