Gold spot Intraday: bounce.

Gold spot Intraday: bounce.
Pivot: 1219.50

Most likely scenario: long positions above 1219.50 with targets at 1227.00 & 1229.00 in extension.

Alternative scenario: below 1219.50 look for further downside with 1218.00 & 1216.50 as targets.

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

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