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Gold Pivot Point (2015.07.28)

Source: FxPro Forex Broker (Review and cashback Forex)

Pivot: 1106

Most Likely Scenario: Short positions below 1106 with targets @ 1086.5 & 1077 in extension.

Alternative scenario: Above 1106 look for further upside with 1119 & 1129.4 as targets.

Comment: As long as 1106 is resistance, likely decline to 1086.5.

Gold Chart

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