Gold Intraday: under pressure.

  • May 19, 2021

Pivot: 1862.00

Our preference: short positions below 1862.00 with targets at 1844.00 & 1839.00 in extension.

Alternative scenario: above 1862.00 look for further upside with 1868.00 & 1874.00 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
1874.00
1868.00
1862.00
1853.60 Last
1844.00
1839.00
1830.00