| Trade Idea GOLD (Spot) intraday: the downside prevails. |
Pivot: 1611.00
Our Preference: SHORT positions below 1611 with 1589 & 1585 in sight. Alternative scenario: The upside breakout of 1611 will open the way to 1619 & 1630. Comment: as long as 1611 is resistance, look for choppy price action with a bearish bias. |
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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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