Gold Intraday: choppy.
Pivot:
1672.00
Our preference:
Short positions below 1672.00 with targets at 1659.00 & 1653.00 in extension.
Alternative scenario:
Above 1672.00 look for further upside with 1679.00 & 1685.00 as targets.
Comment:
As long as 1672.00 is resistance, look for choppy price action with a bearish bias.
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