Gold Intraday: range.
Pivot:
4160.00
Our preference:
Short positions below 4160.00 with targets at 4010.00 & 3945.00 in extension.
Alternative scenario:
Above 4160.00 look for further upside with 4215.00 & 4265.00 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.
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