Gold spot Intraday: further upside.
Pivot: 1204.00

Most likely scenario: long positions above 1204.00 with targets at 1212.00 & 1214.50 in extension.

Alternative scenario: below 1204.00 look for further downside with 1200.00 & 1196.00 as targets.

Comment: the RSI is bullish and calls for further advance. 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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