Gold Intraday: the downside prevails.
Pivot:
1947.00
Our preference:
Short positions below 1947.00 with targets at 1927.00 & 1920.00 in extension.
Alternative scenario:
Above 1947.00 look for further upside with 1954.00 & 1962.00 as targets.
Comment:
The RSI calls for a new downleg.