Gold spot Intraday: under pressure.
Pivot: 1238.00
Our preference: short positions below 1238.00 with targets at 1211.00 & 1200.00 in extension.
Alternative scenario: above 1238.00 look for further upside with 1251.00 & 1270.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1238.00.
Supports and resistances:
1270.00
1251.00
1238.00
1226.64
Last
1211.00
1200.00
1184.00