Gold Intraday: rebound expected.
Pivot:
1869.00
Our preference:
Long positions above 1869.00 with targets at 1885.00 & 1900.00 in extension.
Alternative scenario:
Below 1869.00 look for further downside with 1864.00 & 1858.00 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.