Gold Intraday: under pressure.
Pivot:
2909.00
Our preference:
Short positions below 2909.00 with targets at 2881.00 & 2869.00 in extension.
Alternative scenario:
Above 2909.00 look for further upside with 2923.00 & 2938.00 as targets.
Comment:
As long as the resistance at 2909.00 is not surpassed, the risk of the break below 2881.00 remains high.