Contributors Technical Analysis Gold Spot Consolidation In Place

Gold Spot Consolidation In Place

Pivot (invalidation): 1555.50

Our preference Short positions below 1555.50 with targets at 1548.00 & 1544.00 in extension.

Alternative scenario Above 1555.50 look for further upside with 1560.00 & 1563.00 as targets.

Comment As Long as 1555.50 is resistance, expect a return to 1548.00.

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