XAU Sept 18 Friday View

 Gold Spot Intraday : Rebound expected

Pivot : 1941.00

Most likely scenario : Long positions above 1941.00 with targets 1964.00 and 1974.00 in extension.

Alternative Scenario : Below 1941.00, look for further downside with 1932.00 and 1921.00 as targets.

Comment : The RSI is bullish and calls for further advance.

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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.