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Gold Pivot Point 6 ,May 2015

Gold spot Intraday: supported by a rising trend line.

Pivot: 1190.5

Most Likely Scenario: Long positions above 1190.5 with targets @ 1200 & 1207 in extension.

Alternative scenario: Below 1190.5 look for further downside with 1185 & 1177 as targets.

Comment: The RSI is mixed to bullish.

Gold Chart

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