Gold Spot Range

Pivot (invalidation): 1635.00

Our preference Long positions above 1635.00 with targets at 1653.00 & 1660.00 in extension.

Alternative scenario Below 1635.00 look for further downside with 1625.00 & 1613.00 as targets.

Comment A support base at 1635.00 has formed and has allowed for a temporary stabilisation.

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