GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1570.00
Our preference: LONG positions above 1570 with 1597 & 1619 as next targets.
Alternative scenario: The downside breakout of 1570 will open the way to 1555 & 1525.
Comment: both the 20 & 50 moving averages are turning up. The RSI is bullish and calls for further upside. As long as 1570 isn't broken, a test of 1597 is likely.


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