Gold intraday: key resistance at 4690.
Pivot:
4690
Our preference:
Short positions below 4690 with targets at 4640 & 4620 in extension.
Alternative scenario:
Above 4690 look for further upside with 4710 & 4725 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
