• Gold spot Intraday: key resistance at 1238.00.

    Gold spot Intraday: key resistance at 1238.00.

     
       
      Pivot: 1238.00

    Most Likely Scenario: short positions below 1238.00 with targets @ 1225.00 & 1215.00 in extension.

    Alternative scenario: above 1238.00 look for further upside with 1248.00 & 1259.00 as targets.

    Comment: the upward potential is likely to be limited by the resistance at 1238.00.

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