Gold Intraday: key resistance at 1946.00.
Pivot:
1946.00
Our preference:
Short positions below 1946.00 with targets at 1934.00 & 1927.00 in extension.
Alternative scenario:
Above 1946.00 look for further upside with 1953.00 & 1960.00 as targets.
Comment:
As long as the resistance at 1946.00 is not surpassed, the risk of the break below 1934.00 remains high.