| Trade Idea GOLD (Spot) intraday: key ST resistance at 1587 |
Pivot: 1587.00
Our Preference: SHORT positions below 1587 with 1571 & 1565 as next targets. Alternative scenario: The upside penetration of 1587 will call for a rebound towards 1594 & 1600. Comment: the price remains on the downside and is challenging its rising trend line. |
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Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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