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Gold News and Analysis
Gold spot Intraday: key resistance at 1207.9.
Pivot: 1207.9
Most Likely Scenario: Short positions below 1207.9 with targets @ 1186 & 1175 in extension.
Alternative scenario: Above 1207.9 look for further upside with 1221 & 1236 as targets.
Comment: As long as 1207.9 is resistance, likely decline to 1186.
R3 Week: 1247.033
R2 Week: 1227.384
R1 Week: 1214.343
P Week: 1194.694
S1 Week: 1181.653
S2 Week: 1162.004
S3 Week: 1148.963
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