Gold Intraday: target 1940.00.
Pivot:
1972.00
Our preference:
Short positions below 1972.00 with targets at 1950.00 & 1940.00 in extension.
Alternative scenario:
Above 1972.00 look for further upside with 1979.00 & 1986.00 as targets.
Comment:
The RSI is bearish and calls for further decline.