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Gold Pivot Point 15 April , 2015
Gold spot Intraday: capped by a negative trend line.
Pivot: 1197
Most Likely Scenario: Short positions below 1197 with targets @ 1183.5 & 1178 in extension.
Alternative scenario: Above 1197 look for further upside with 1200 & 1202.75 as targets.
Comment: As long as 1197 is resistance, likely decline to 1183.5.
Gold Chart
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