Gold Intraday: key resistance at 1999.00.
Pivot:
1999.00
Our preference:
Short positions below 1999.00 with targets at 1983.00 & 1976.00 in extension.
Alternative scenario:
Above 1999.00 look for further upside with 2009.00 & 2016.00 as targets.
Comment:
As long as the resistance at 1999.00 is not surpassed, the risk of the break below 1983.00 remains high.