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Gold spot Intraday: expect 1433.50

Pivot: 1419.50

Our preference: long positions above 1419.50 with targets at 1428.00 & 1433.50 in extension.

Alternative scenario: below 1419.50 look for further downside with 1414.50 & 1411.00 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances:
1441.00
1433.50
1428.00
1425.09 Last
1419.50
1414.50
1411.00

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