Gold spot Intraday: the upside prevails.

Gold spot Intraday: the upside prevails.
Pivot: 1220.00

Most likely scenario: long positions above 1220.00 with targets at 1227.50 & 1231.00 in extension.

Alternative scenario: below 1220.00 look for further downside with 1215.50 & 1211.00 as targets.

Comment: the RSI is supported by a rising trend line.

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