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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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