Gold intraday: key resistance at 4470.
Pivot:
4470
Our preference:
Short positions below 4470 with targets at 4422 & 4400 in extension.
Alternative scenario:
Above 4470 look for further upside with 4495 & 4520 as targets.
Comment:
As long as the resistance at 4470 is not surpassed, the risk of the break below 4422 remains high.
