XAU 11 Sept Friday View

 Gold Spot Intraday : The downside prevails

Pivot : 1950.00

Most likely scenario : Short positions below 1950.00 with targets 1934.00 and 1925.00 in extension.

Alternative Scenario : Above 1950.00, look for further upside with 1957.00 and 1966.00 as targets.

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

#tradewithramesh

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.