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Source:FxPro Broker 

Gold Analysis

Gold spot Intraday: bullish bias above 1149.

Pivot: 1149

Most Likely Scenario: Long positions above 1149 with targets @ 1168 & 1173 in extension.

Alternative scenario: Below 1149 look for further downside with 1142 & 1137 as targets.

Comment: A support base at 1149 has formed and has allowed for a temporary stabilisation.

Gold Chart

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