Gold intraday: the upside prevails as long as 1968 is support
Our pivot point is at 1968.00.
Our preference: the upside prevails as long as 1968 is support.
Alternative scenario: the downside breakout of 1968 would call for 1951.50 and 1942.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1978.10 and 1974.80).
Supports and resistances:
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