|Gold spot Intraday: further advance.|
Most likely scenario: long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.
Alternative scenario: below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.
Comment: the RSI is mixed to bullish. The prices are supported by a rising trend line while higher tops and higher bottoms are seen on the 30-minute chart.