Gold Intraday: bullish bias above 1640.00.
Pivot:
1640.00
Our preference:
Long positions above 1640.00 with targets at 1655.00 & 1661.00 in extension.
Alternative scenario:
Below 1640.00 look for further downside with 1631.00 & 1624.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
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