Contributors Technical Analysis Gold Spot Capped By A Negative Trend Line

Gold Spot Capped By A Negative Trend Line

Pivot (invalidation): 1290.00

Our preference Short positions below 1290.00 with targets at 1282.50 & 1279.00 in extension.

Alternative scenario Above 1290.00 look for further upside with 1291.75 & 1295.00 as targets.

Comment The RSI advocates for further downside.

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