Gold spot Intraday: consolidation in place.

Gold spot Intraday: consolidation in place.
Pivot: 1289.00

Most likely scenario: long positions above 1289.00 with targets at 1293.50 & 1295.50 in extension.

Alternative scenario: below 1289.00 look for further downside with 1287.00 & 1285.50 as targets.

Comment: the RSI is mixed with a bullish bias.

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