Gold Intraday: key resistance at 1947.00.
Pivot:
1947.00
Our preference:
Short positions below 1947.00 with targets at 1933.00 & 1927.00 in extension.
Alternative scenario:
Above 1947.00 look for further upside with 1954.00 & 1960.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.