Gold Intraday: towards 1839.00.
Pivot:
1863.00
Our preference:
Short positions below 1863.00 with targets at 1846.00 & 1839.00 in extension.
Alternative scenario:
Above 1863.00 look for further upside with 1871.00 & 1878.00 as targets.
Comment:
The immediate trend remains down but the momentum is weak.