XAU 09 Sept Wednesday View

 Gold Spot Intraday : Rebound expected

Pivot : 1923.00

Most likely scenario : Long positions above 1923.00 with targets 1941.00 and 1950.00 in extension.

Alternative Scenario : Below 1923.00, look for further downside with 1916.00 and 1907.00 as targets.

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

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Please note that due to market volatility, some of the above sight prices may have already been reached and scenarios played out. Trade in your own discretion.