Gold Short Term: under pressure.
Gold (XAU/USD)-2.62-0.06%
short positions below 4855 with targets at 4550 & 4260 in extension.

Pivot: 4855
Our preference: short positions below 4855 with targets at 4550 & 4260 in extension.
Alternative scenario: above 4855 look for further upside with 5000 & 5175 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
5175
5000
4855
4677 Last
4550
4260
4100
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