GOLD (Spot) intraday: the downside prevails.
Update on supports and resistances.
Pivot: 1600.00
Our Preference: SHORT positions below 1600 with 1584 & 1579 as next targets.
Alternative scenario: The upside penetration of 1600 will call for 1607 & 1611.
Comment: technically, the RSI is below its neutrality area at 50.
Trend: ST Range; MT Range
Key levels Comment
1611** Intraday resistance
1607** Intraday resistance
1600** Intraday pivot point
1589.3 Last
1584** Intraday support
1579** Intraday support
1570** Intraday support
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