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Gold Spot 1201.00 Expected

Pivot (invalidation): 1196.50

Our preference Long positions above 1196.50 with targets at 1201.00 & 1204.00 in extension.

Alternative scenario Below 1196.50 look for further downside with 1194.00 & 1191.50 as targets.

Comment The RSI is below its neutrality area at 50% but reversing up.

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