Gold Intraday: under pressure.
Pivot:
1917.00
Our preference:
Short positions below 1917.00 with targets at 1903.00 & 1896.00 in extension.
Alternative scenario:
Above 1917.00 look for further upside with 1922.00 & 1930.00 as targets.
Comment:
The immediate trend remains down but the momentum is weak.