Gold Intraday: intraday support around 1643.00.
Pivot:
1643.00
Our preference:
Long positions above 1643.00 with targets at 1661.00 & 1670.00 in extension.
Alternative scenario:
Below 1643.00 look for further downside with 1634.00 & 1624.00 as targets.
Comment:
The RSI calls for a rebound.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.