Gold Intraday: supported by a rising trend line.

 

Gold Intraday: supported by a rising trend line.

Pivot:

1787.00

Our preference:

Long positions above 1787.00 with targets at 1803.00 & 1810.00 in extension.

Alternative scenario:

Below 1787.00 look for further downside with 1780.00 & 1774.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

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