GOLD (Spot) intraday: Under pressure
Pivot: 950.90
Our Preference: SHORT positions @ 948 with targets @ 940 & 935.
Alternative scenario: The upside penetration of 950.9 will call for a rebound towards 960.4 & 972.
Comment: the false breakout of 950.9 is a negative signal that has opened a path to 930.
Trend: ST Ltd downside; MT Bullish
Key levels Comment
972** Intraday resistance
960.4** Intraday resistance
950.9** Intraday pivot point
942 Last
940*** Intraday support
935** Intraday support
930*** Intraday support
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