Gold Intraday: key resistance at 1959.00.
Pivot:
1959.00
Our preference:
Short positions below 1959.00 with targets at 1945.00 & 1939.00 in extension.
Alternative scenario:
Above 1959.00 look for further upside with 1966.00 & 1973.00 as targets.
Comment:
As long as the resistance at 1959.00 is not surpassed, the risk of the break below 1945.00 remains high.