XAU 06 Aug Thursday

Pivot : 2028.00

Most likely scenario : Long positions above 2028.00 with targets 2056.00 and 2070.00 in extension.

Alternative scenario : Below 2028.00, look for further downside with 2012.00 and 2000.00 as targets.

Comment : The RSI has just landed on its neutrality area at 50 % and turning up.

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