Gold Intraday: Pivot threshold in sight
Gold (XAU/USD)+2.28+0.06%
In spite of the current correction, a rebound near 3,984 is expected as long as 3,855 is still intact

Our pivot point is at 3,855.
Our preference: In spite of the current correction, a rebound near 3,984 is expected as long as 3,855 is still intact
Alternative scenario: below 3,855, expect 3,818 and 3,796.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
4,006 *
3,984 **
3,961
3,878 last
3,855 **
3,818 *
3,796 **
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