Gold Intraday: key resistance at 2906.00.
Pivot:
2906.00
Our preference:
Short positions below 2906.00 with targets at 2877.00 & 2864.00 in extension.
Alternative scenario:
Above 2906.00 look for further upside with 2922.00 & 2940.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.