Gold Intraday: key resistance at 1993.00.
Pivot:
1993.00
Our preference:
Short positions below 1993.00 with targets at 1972.00 & 1965.00 in extension.
Alternative scenario:
Above 1993.00 look for further upside with 2002.00 & 2012.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.