Gold Intraday: key resistance at 1991.00.
Pivot:
1991.00
Our preference:
Short positions below 1991.00 with targets at 1978.00 & 1970.00 in extension.
Alternative scenario:
Above 1991.00 look for further upside with 1998.00 & 2005.00 as targets.
Comment:
As long as 1991.00 is resistance, look for choppy price action with a bearish bias.