Gold Intraday: under pressure.
Pivot:
1952.00
Our preference:
Short positions below 1952.00 with targets at 1939.00 & 1933.00 in extension.
Alternative scenario:
Above 1952.00 look for further upside with 1960.00 & 1966.00 as targets.
Comment:
As long as the resistance at 1952.00 is not surpassed, the risk of the break below 1939.00 remains high.