Contributors Technical Analysis Gold Spot Bullish Bias Above 1487.00

Gold Spot Bullish Bias Above 1487.00

Pivot (invalidation): 1487.00

Our preference Long positions above 1487.00 with targets at 1494.00 & 1497.00 in extension.

Alternative scenario Below 1487.00 look for further downside with 1484.00 & 1481.00 as targets.

Comment A support base at 1487.00 has formed and has allowed for a temporary stabilisation.

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