Gold spot Intraday: the downside prevails.

Gold spot Intraday: the downside prevails.
Pivot: 1224.00

Most likely scenario: short positions below 1224.00 with targets at 1219.50 & 1217.00 in extension.

Alternative scenario: above 1224.00 look for further upside with 1228.00 & 1230.00 as targets.

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

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