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Gold Analysis

Gold spot Intraday: rebound.

Pivot: 1210.5

Most Likely Scenario: Long positions above 1210.5 with targets @ 1229.6 & 1237 in extension.

Alternative scenario: Below 1210.5 look for further downside with 1204.3 & 1201 as targets.

Comment: The RSI is mixed to bullish.

Gold Chart

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