Gold Intraday: key resistance at 1657.00.
Pivot:
1657.00
Our preference:
Short positions below 1657.00 with targets at 1635.00 & 1626.00 in extension.
Alternative scenario:
Above 1657.00 look for further upside with 1665.00 & 1674.00 as targets.
Comment:
The RSI is mixed with a bearish bias.
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.