Gold Intraday: bullish bias above 1938.00.
Pivot:
1938.00
Our preference:
Long positions above 1938.00 with targets at 1949.00 & 1955.00 in extension.
Alternative scenario:
Below 1938.00 look for further downside with 1931.00 & 1926.00 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.