Contributors Technical Analysis Gold Spot Capped By A Negative Trend Line

Gold Spot Capped By A Negative Trend Line

Pivot (invalidation): 1243.50

Our preference Short positions below 1243.50 with targets at 1236.00 & 1233.00 in extension.

Alternative scenario Above 1243.50 look for further upside with 1246.00 & 1248.50 as targets.

Comment As Long as 1243.50 is resistance, look for choppy price action with a bearish bias.

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