Gold spot Intraday: under pressure.
Pivot: 1197.25

Most likely scenario: short positions below 1197.25 with targets at 1192.00 & 1187.50 in extension.

Alternative scenario: above 1197.25 look for further upside with 1200.00 & 1202.00 as targets.

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

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