Gold spot Intraday: under pressure.

Date: 2018/12/06
Time: 08:05 (GMT +1)
Ticker: GOLDS
Last: 1235.1
Pivot: 1238.5
1st sup. 1231.0
2nd sup. 1228.5
3rd sup. 1221.0
1st res. 1238.5
2nd res. 1241.5
3rd res. 1244.5
Title:
Summary: Short positions below 1238.50 with targets at 1231.00 & 1228.50 in extension.
Story: Pivot: 1238.50

Our preference: 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.

Supports and resistances:
1244.50
1241.50
1238.50
1235.10 Last
1231.00
1228.50
1221.00