Gold spot Intraday: key resistance at 1248.80. 01. March 2017
Pivot: 1248.80
Our preference: short positions below 1248.80 with targets at 1240.75 & 1235.50 in extension.
Alternative scenario: above 1248.80 look for further upside with 1252.00 & 1258.50 as targets.
Comment: the RSI is bearish and calls for further decline.
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