Gold Intraday: bullish bias above 1664.00.
Pivot:
1664.00
Our preference:
Long positions above 1664.00 with targets at 1682.00 & 1690.00 in extension.
Alternative scenario:
Below 1664.00 look for further downside with 1653.00 & 1643.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
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