Gold Intraday: the RSI is oversold

Our pivot point is at 4,503.
Our preference:
The downside prevails as long as 4,503 is resistance, with 4,395 and 4,365 as targets
Alternative scenario:
above 4,503, look for 4,553 and 4,583.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 4,547 and 4,576).
Supports and resistances:
4,583 **
4,553 *
4,503 **
4,463 last
4,395
4,365 **
4,335 *