Gold spot Intraday: key resistance at 1269.00.

2016-10-07

Pivot: 1269.00

Our preference: short positions below 1269.00 with targets at 1244.00 & 1235.00 in extension.

Alternative scenario: above 1269.00 look for further upside with 1277.00 & 1287.00 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
1287.00
1277.00
1269.00
1252.84 Last
1244.00
1235.00
1220.00