Our preference: Bullish setups within 1584.10 1594.40 with targets @ 1603.50 & 1609.50 in extension.
Alternative scenario: Below 1584.10, watch for bearish setups with 1575.82 as target and 1567.86 in extension.
Comment: Gold price is moving upward. Hourly stochastic is overbought. Note: a bearish rising wedge formation is emerging on hourly chart.
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