Contributors Technical Analysis Gold Spot Rebound Expected

Gold Spot Rebound Expected

Pivot (invalidation): 1231.00

Our preference Long positions above 1231.00 with targets at 1240.00 & 1244.00 in extension.

Alternative scenario Below 1231.00 look for further downside with 1225.50 & 1220.00 as targets.

Comment The RSI shows upside momentum.

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