Gold Intraday: towards 1957.00.
Pivot:
1988.00
Our preference:
Short positions below 1988.00 with targets at 1965.00 & 1957.00 in extension.
Alternative scenario:
Above 1988.00 look for further upside with 1997.00 & 2003.00 as targets.
Comment:
The RSI is bearish and calls for further decline.