Gold Intraday: under pressure.
Pivot:
1958.00
Our preference:
Short positions below 1958.00 with targets at 1938.00 & 1930.00 in extension.
Alternative scenario:
Above 1958.00 look for further upside with 1966.00 & 1974.00 as targets.
Comment:
The RSI is bearish and calls for further decline.