Gold Intraday: key resistance at 2940.00.
Pivot:
2940.00
Our preference:
Short positions below 2940.00 with targets at 2915.00 & 2904.00 in extension.
Alternative scenario:
Above 2940.00 look for further upside with 2950.00 & 2965.00 as targets.
Comment:
As long as 2940.00 is resistance, look for choppy price action with a bearish bias.