| Trade Idea GOLD (Spot) intraday: the downside prevails. |
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. |
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Disclaimer
The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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