Gold Intraday: rebound expected.
Pivot:
2900.00
Our preference:
Long positions above 2900.00 with targets at 2924.00 & 2934.00 in extension.
Alternative scenario:
Below 2900.00 look for further downside with 2887.00 & 2877.00 as targets.
Comment:
The RSI has broken up its 30 level.