Gold spot Intraday: the downside prevails.
Pivot: 1251.00
Our preference: short positions below 1251.00 with targets at 1212.00 & 1198.00 in extension.
Alternative scenario: above 1251.00 look for further upside with 1270.00 & 1292.00 as targets.
Comment: the RSI is mixed with a bearish bias.
Supports and resistances:
1292.00
1270.00
1251.00
1229.60
Last
1212.00
1198.00
1184.00
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