Gold Intraday: key resistance at 1742.00.
Pivot:
1742.00
Our preference:
Short positions below 1742.00 with targets at 1727.00 & 1720.00 in extension.
Alternative scenario:
Above 1742.00 look for further upside with 1750.00 & 1758.00 as targets.
Comment:
As long as the resistance at 1742.00 is not surpassed, the risk of the break below 1727.00 remains high.
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