Intraday Elliottwave Analysis: Gold, 1293 is short term pivot
|Gold closed below 200 day MA.
Now just sit on the bottom of the triangle.
Once downside resolved, 1277/62 will be next target.
1293 is short term pivot, above here will see some recovery.
But only close above 1335.5 will regain upside momentum.
Daily support Levels: 1287 1285.8 1284.7 1279.2 1277.7
Daily resistance Levels: 1293.0 1293.6 1297.0 1300.4 1302.0 1305.3
Intraday Trade Idea:
Sell Latentinterest Order: 1302.3
Buy Latentinterest Order: 1284.7
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