Contributors Technical Analysis Gold Spot Further Advance

Gold Spot Further Advance

Pivot (invalidation): 1616.00

Our preference Long positions above 1616.00 with targets at 1628.00 & 1635.00 in extension.

Alternative scenario Below 1616.00 look for further downside with 1610.50 & 1603.50 as targets.

Comment The RSI is bullish and calls for further advance.

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