Contributors Technical Analysis Gold Spot The Downside Prevails

Gold Spot The Downside Prevails

Pivot (invalidation): 1202.00

Our preference Short positions below 1202.00 with targets at 1194.00 & 1189.00 in extension.

Alternative scenario Above 1202.00 look for further upside with 1205.00 & 1208.00 as targets.

Comment The RSI shows downside momentum.

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