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Gold News and Analysis

Gold spot Intraday: under pressure.

Pivot: 1175.35

Most Likely Scenario: Short positions below 1175.35 with targets @ 1147 & 1139 in extension.

Alternative scenario: Above 1175.35 look for further upside with 1192 & 1200.8 as targets.

Comment: As long as 1175.35 is resistance, likely decline to 1147.

Gold Chart

 

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