Gold Intraday: the downside prevails.
Pivot:
1954.00
Our preference:
Short positions below 1954.00 with targets at 1932.00 & 1925.00 in extension.
Alternative scenario:
Above 1954.00 look for further upside with 1963.00 & 1970.00 as targets.
Comment:
The RSI is bearish and calls for further decline.