Gold spot Intraday: under pressure.
Pivot: 1238.50

Most likely scenario: short positions below 1238.50 with targets at 1231.00 & 1228.50 in extension.

Alternative scenario: above 1238.50 look for further upside with 1241.50 & 1244.50 as targets.

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

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