Gold Short Term: turning down.
Gold (XAU/USD)-296.55-6.60%
short positions below 4850 with targets at 4160 & 3890 in extension.

Pivot: 4850
Our preference: short positions below 4850 with targets at 4160 & 3890 in extension.
Alternative scenario: above 4850 look for further upside with 5080 & 5410 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
5410
5080
4850
4351 Last
4160
3890
3720
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