Gold Intraday: key resistance at 1986.00.
Pivot:
1986.00
Our preference:
Short positions below 1986.00 with targets at 1964.00 & 1954.00 in extension.
Alternative scenario:
Above 1986.00 look for further upside with 1994.00 & 2003.00 as targets.
Comment:
As long as 1986.00 is resistance, expect a return to 1964.00.