Gold Intraday: range.
Pivot:
1942.00
Our preference:
Short positions below 1942.00 with targets at 1929.00 & 1924.00 in extension.
Alternative scenario:
Above 1942.00 look for further upside with 1946.00 & 1949.00 as targets.
Comment:
As long as 1942.00 is resistance, expect a return to 1929.00