• Gold spot Intraday: capped by a negative trend line



       
     
    Pivot: 1223.00

    Most Likely Scenario: short positions below 1223.00 with targets @ 1190.00 & 1181.00 in extension.

    Alternative scenario: above 1223.00 look for further upside with 1234.50 & 1242.50 as targets.

    Comment: the RSI is bearish and calls for further decline.

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