Gold Intraday: continuation of the rebound.
Pivot:
1617.00
Our preference:
Long positions above 1617.00 with targets at 1636.00 & 1645.00 in extension.
Alternative scenario:
Below 1617.00 look for further downside with 1609.00 & 1600.00 as targets.
Comment:
The RSI calls for a bounce.
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