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Gold Intraday: key resistance at 5140.
Pivot:
5140
Our preference:
Short positions below 5140 with targets at 4995 & 4945 in extension.
Alternative scenario:
Above 5140 look for further upside with 5195 & 5225 as targets.
Comment:
As long as 5140 is resistance, expect a return to 4995.
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