Gold Intraday: under pressure.
Pivot:
1786.00
Our preference:
Short positions below 1786.00 with targets at 1772.00 & 1766.00 in extension.
Alternative scenario:
Above 1786.00 look for further upside with 1792.00 & 1798.00 as targets.
Comment:
As long as the resistance at 1786.00 is not surpassed, the risk of the break below 1772.00 remains high.
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