FX:XAUUSD   Gold Spot / U.S. Dollar
Pivot: 1272.00

Most Likely Scenario: long positions above 1272.00 with targets @ 1293.00 & 1303.00 in extension.

Alternative scenario: below 1272.00 look for further downside with 1257.00 & 1246.00 as targets.

Comment: a support base at 1272.00 has formed and has allowed for a temporary stabilisation.
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