Gold Intraday: key resistance at 5135.
Pivot:
5135
Our preference:
Short positions below 5135 with targets at 5055 & 5015 in extension.
Alternative scenario:
Above 5135 look for further upside with 5155 & 5185 as targets.
Comment:
As long as the resistance at 5135 is not surpassed, the risk of the break below 5055 remains high.
