Wednesday, 3 May 2017

Gold spot Intraday 04 May 2017

Gold spot Intraday: under pressure.
Pivot: 1245.00


Most likely scenario: short positions below 1245.00 with targets at 1234.00 & 1230.00 in extension.



Alternative scenario: above 1245.00 look for further upside with 1250.00 & 1254.00 as targets.



Comment: the RSI is mixed to bearish.

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