Gold spot Intraday: the downside prevails.
Pivot: 1290.75
Our preference: short positions below 1290.75 with targets at 1268.00 & 1262.00 in extension.
Alternative scenario: above 1290.75 look for further upside with 1300.00 & 1308.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
1308.00
1300.00
1290.75
1275.41
Last
1268.00
1262.00
1254.00
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