Gold‏ Intraday: under pressure.

2016-10-05

Pivot: 1288.00

Our preference: short positions below 1288.00 with targets @ 1264.00 & 1256.00 in extension.

Alternative scenario: above 1288.00 look for further upside with 1300.00 & 1315.50 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
1315.50
1300.00
1288.00
1274.00 Last
1264.00
1256.00
1242.00