Gold Intraday: target 1630.00.
Pivot:
1659.00
Our preference:
Short positions below 1659.00 with targets at 1639.00 & 1630.00 in extension.
Alternative scenario:
Above 1659.00 look for further upside with 1667.00 & 1672.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
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