Gold spot Intraday: under pressure.
Pivot: 1225.3
Our preference: Short positions below 1225.3 with targets @ 1197 & 1188 in extension.
Alternative scenario: Above 1225.3 look for further upside with 1234 & 1239 as targets.
Comment: As long as 1225.3 is resistance, likely decline to 1197.
