Gold intraday: under pressure.
Pivot:
4572
Our preference:
Short positions below 4572 with targets at 4510 & 4490 in extension.
Alternative scenario:
Above 4572 look for further upside with 4590 & 4610 as targets.
Comment:
As long as the resistance at 4572 is not surpassed, the risk of the break below 4510 remains high.
