GOLD (SPOT) INTRADAY: UNDER PRESSURE.
Pivot: 1538.00
Most Likely Scenario: SHORT positions below 1538 with 1520 & 1509 as next targets.
Alternative scenario: The upside penetration of 1538 will call for a rebound towards 1550 & 1555.
Comment: The price broke down its bullish channel. The RSI is bearish and calls for further downside.
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