Gold spot Intraday: capped by a negative trend line

xauusd20160527
Pivot: 1227.00

Our preference: short positions below 1227.00 with targets @ 1211.50 & 1207.00 in extension.
Alternative scenario: above 1227.00 look for further upside with 1234.50 & 1242.50 as targets.
Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
1242.50
1234.50
1227.00
1218.03 Last
1211.50
1207.00
1202.50