• Gold spot Intraday: key resistance at 1261.50.


      Gold spot Intraday: key resistance at 1261.50.

       
      Pivot: 1261.50

    Most Likely Scenario: short positions below 1261.50 with targets @ 1244.00 & 1237.30 in extension.

    Alternative scenario: above 1261.50 look for further upside with 1269.00 & 1276.00 as targets.

    Comment: the upward potential is likely to be limited by the resistance at 1261.50.


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