GOLD
Pivot: 1086
Likely scenario: Long positions above 1086 with targets @ 1110 & 1119 in extension.
Alternative scenario: Below 1086 look for further downside with 1080 & 1073 as targets.
Comment: Gold price broke above a declining trend line as well as the neckline of a Inverse Head and Shoulder pattern. Furthermore, the RSI indicator broke above a declining trend line.
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