Gold Intraday: key resistance at 1640.00.
Pivot:
1640.00
Our preference:
Short positions below 1640.00 with targets at 1620.00 & 1608.00 in extension.
Alternative scenario:
Above 1640.00 look for further upside with 1649.00 & 1658.00 as targets.
Comment:
As long as the resistance at 1640.00 is not surpassed, the risk of the break below 1620.00 remains high.
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