Gold Intraday: Target 3,987

Our pivot point is at 4,089.
Our preference:
Target 3,987
Alternative scenario:
above 4,089, look for 4,125 and 4,147.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. The price is below its 20 period moving average (4,073) but above its 50 period moving average (4,046).
Supports and resistances:
4,147 **
4,125 *
4,089 **
4,054 last
4,008
3,987 **
3,965 *