GOLD (Spot) intraday: the bias remains bullish.
Update on supports and resistances.
Pivot: 1612.00
Our Preference: LONG positions above 1612 with targets @ 1633 & 1640.
Alternative scenario: The downside penetration of 1612 will call for a
slide towards 1603 & 1594.
Comment: the RSI is mixed with a bullish bias.
Trend: ST Bullish; MT Range
Key levels Comment
1647** Intraday resistance
1640** Intraday resistance
1633** Intraday resistance
1622 Last
1612** Intraday pivot point
1603** Fib retracement (50%)
1594** Fib retracement (61.8%)
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