GOLD (Spot) intraday: further upside.
Pivot: 1600.00
Our preference: LONG positions above 1600 with 1619 & 1625 as next targets.
Alternative scenario: The downside penetration of 1600 will call for 1590 & 1584.
Comment: the RSI is above its neutrality area at 50%. The 50 moving average is heading up. A test of 1625 seems likely.


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