Gold spot Intraday: capped by a negative trend line.
Pivot: 1306.00
Our preference: short positions below 1306.00 with targets at 1297.25 & 1293.25 in extension.
Alternative scenario: above 1306.00 look for further upside with 1309.00 & 1311.00 as targets.
Comment: the RSI advocates for further decline.
Pivot: 1306.00
Our preference: short positions below 1306.00 with targets at 1297.25 & 1293.25 in extension.
Alternative scenario: above 1306.00 look for further upside with 1309.00 & 1311.00 as targets.
Comment: the RSI advocates for further decline.