Gold Intraday: rebound expected.
Pivot:
1916.00
Our preference:
Long positions above 1916.00 with targets at 1929.00 & 1936.00 in extension.
Alternative scenario:
Below 1916.00 look for further downside with 1910.00 & 1904.00 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.