HomeContributorsTechnical AnalysisGold Spot Bullish Bias Above 1198.00

Gold Spot Bullish Bias Above 1198.00

Pivot (invalidation): 1198.00

Our preference Long positions above 1198.00 with targets at 1204.00 & 1207.50 in extension.

Alternative scenario Below 1198.00 look for further downside with 1194.00 & 1191.50 as targets.

Comment The RSI is mixed to bullish. Gold is trading within the bullish channel.

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