Gold Intraday: the downside prevails.
Pivot:
1987.00
Our preference:
Short positions below 1987.00 with targets at 1970.00 & 1963.00 in extension.
Alternative scenario:
Above 1987.00 look for further upside with 1993.00 & 2000.00 as targets.
Comment:
The RSI is bearish and calls for further decline.