Pivot: 1267.00
Our preference: LONG positions above 1267 with 1300 1327 as next targets.
Alternative scenario: The downside breakout of 1267 will open the way to 1247 1232.
Comment: Gold price are supported by a rising trend line.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1363** Intraday resistance
1327** Fib retracement (61.8%)
1300** Fib retracement (50%)
1281 Last
1267*** Intraday pivot point
1247** Intraday support
1232** Intraday support
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