Gold spot Intraday: key resistance at 1220.
Pivot: 1220
Our preference: Short positions below 1220 with targets @ 1201 & 1190.5 in extension.
Alternative scenario: Above 1220 look for further upside with 1223 & 1229.6 as targets.
Comment: As long as 1220 is resistance, likely decline to 1201.
