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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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