Gold spot‏ Intraday: Technical Analysis under pressure.

Our preference: short positions below 1285.00 with targets at 1274.00 & 1269.00 in extension.

Alternative scenario: above 1285.00 look for further upside with 1288.00 & 1293.00 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

• 1293.00 
• 1288.00 
• 1285.00 

1276.80 Last

• 1274.00 
• 1269.00 
• 1263.00 

Gold‏ Intraday: Technical Analysis under pressure.