Gold Intraday: expect 1706.00.
Pivot:
1734.00
Our preference:
Short positions below 1734.00 with targets at 1712.00 & 1706.00 in extension.
Alternative scenario:
Above 1734.00 look for further upside with 1740.00 & 1745.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
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