Gold Intraday: the downside prevails.
Pivot:
2002.00
Our preference:
Short positions below 2002.00 with targets at 1980.00 & 1970.00 in extension.
Alternative scenario:
Above 2002.00 look for further upside with 2012.00 & 2022.00 as targets.
Comment:
As long as the resistance at 2002.00 is not surpassed, the risk of the break below 1980.00 remains high.