Gold intraday : 4,297 expected Our pivot point is at 4,386

 

Our preference:The downside prevails as long as 4,386 is resistance, with 4,297 and 4,276 as targets Alternative scenario:Above 4,386, look for 4,421 and 4,442. Comment:The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (4,344) but below its 50 period moving average (4,368).