GOLD (Spot) intraday: further advance. Pivot: 1306.00 Our - TopicsExpress

GOLD (Spot) intraday: further advance. Pivot: 1306.00 Our preference: LONG positions above 1306 with 1316 & 1328 as next targets. Alternative scenario: The downside breakout of 1306 will open the way to 1298 & 1284. Comment: a support base at 1306 has formed and has allowed for a temporary stabilisation. Trend: ST Ltd downside; MT Bearish Key levels Comment 1339** Horizontal resistance 1328* Horizontal resistance 1316* Horizontal resistance 1310.23 Last 1306** Intraday pivot point 1298*** Intraday support 1284** Fib retracement (38.2%)

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