Gold Intraday: under pressure.

2016-10-04

Pivot: 1318.50

Our preference: short positions below 1318.50 with targets @ 1304.50 & 1302.00 in extension.

Alternative scenario: above 1318.50 look for further upside with 1322.00 & 1325.00 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1325.00
1322.00
1318.50
1310.08 Last
1304.50
1302.00
1300.00