Gold spot Intraday: key resistance at 1233.00.
Pivot: 1233.00
Our preference: short positions below 1233.00 with targets at 1211.00 & 1200.00 in extension.
Alternative scenario: above 1233.00 look for further upside with 1251.00 & 1270.00 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
1270.00
1251.00
1233.00
1214.73
Last
1211.00
1200.00
1184.00