Gold Intraday: the downside prevails.
Pivot:
1993.00
Our preference:
Short positions below 1993.00 with targets at 1978.00 & 1971.00 in extension.
Alternative scenario:
Above 1993.00 look for further upside with 2000.00 & 2007.00 as targets.
Comment:
The RSI calls for a new downleg.