Gold Intraday: key resistance at 1708.00.
Pivot:
1708.00
Our preference:
Short positions below 1708.00 with targets at 1688.00 & 1680.00 in extension.
Alternative scenario:
Above 1708.00 look for further upside with 1716.00 & 1723.00 as targets.
Comment:
As long as the resistance at 1708.00 is not surpassed, the risk of the break below 1688.00 remains high.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.