Gold Intraday: under pressure.
Pivot:
2898.00
Our preference:
Short positions below 2898.00 with targets at 2878.00 & 2870.00 in extension.
Alternative scenario:
Above 2898.00 look for further upside with 2908.00 & 2917.00 as targets.
Comment:
The RSI is bearish and calls for further decline.