Gold Intraday: under pressure.
Pivot:
1959.00
Our preference:
Short positions below 1959.00 with targets at 1945.00 & 1938.00 in extension.
Alternative scenario:
Above 1959.00 look for further upside with 1965.00 & 1970.00 as targets.
Comment:
The RSI is bearish and calls for further downside.