GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1606.00
Our preference: LONG positions above 1606 with 1619 & 1625 in sight.
Alternative scenario: The downside penetration of 1606 will call for a slide towards 1600 & 1590.
Commment: the RSI is above its neutrality area at 50%. The 50 moving average is heading up. A test of 1625 remains likely.


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