Gold spot Intraday: under pressure.
Pivot: 1273.50
Our preference: short positions below 1273.50 with targets at 1265.00 & 1260.00 in extension.
Alternative scenario: above 1273.50 look for further upside with 1280.50 & 1284.00 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
1284.00
1280.50
1273.50
1269.72 Last
1265.00
1260.00
1253.00
Our preference: short positions below 1273.50 with targets at 1265.00 & 1260.00 in extension.
Alternative scenario: above 1273.50 look for further upside with 1280.50 & 1284.00 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
1284.00
1280.50
1273.50
1269.72 Last
1265.00
1260.00
1253.00
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