Gold Intraday: turning down.

  • May 20, 2021

Pivot: 1878.00

Our preference: short positions below 1878.00 with targets at 1851.00 & 1843.00 in extension.

Alternative scenario: above 1878.00 look for further upside with 1890.00 & 1900.00 as targets.

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

Supports and resistances:
1900.00
1890.00
1878.00
1867.00 Last
1851.00
1843.00
1832.00