XAUUSD Intraday: intraday support around 30.54

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Preference

long positions above 30.54 with targets at 30.96 & 31.10 in extension.

Alternative scenario

below 30.54 look for further downside with 30.35 & 30.20 as targets.

Comment

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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