Gold Intraday: technical rebound in a bearish trend.
Pivot:
1884.00
Our preference:
Long positions above 1884.00 with targets at 1893.00 & 1899.00 in extension.
Alternative scenario:
Below 1884.00 look for further downside with 1878.00 & 1872.00 as targets.
Comment:
The RSI is posting a bullish divergence (not confirmed yet).