Gold

Gold spot Intraday: further advance.
Pivot: 1200.00

Most likely scenario: long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.

Alternative scenario: below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.

Comment: the RSI is mixed to bullish. The prices are supported by a rising trend line while higher tops and higher bottoms are seen on the 30-minute chart.

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