Gold spot Intraday: under pressure

xauusd20160530
Pivot: 1223.00

Our preference: short positions below 1223.00 with targets @ 1202.50 & 1194.00 in extension.
Alternative scenario: above 1223.00 look for further upside with 1234.50 & 1242.50 as targets.
Comment: as long as the resistance at 1223.00 is not surpassed, the risk of the break below 1202.50 remains high.

Supports and resistances:
1242.50
1234.50
1223.00
1206.00 Last
1202.50
1194.00
1181.00