Gold Intraday: key resistance at 1990.00.
Pivot:
1990.00
Our preference:
Short positions below 1990.00 with targets at 1975.00 & 1970.00 in extension.
Alternative scenario:
Above 1990.00 look for further upside with 1995.00 & 2001.00 as targets.
Comment:
As long as the resistance at 1990.00 is not surpassed, the risk of the break below 1975.00 remains high.