Sell from this zone . Take profit @1977- 1969
Gold Intraday: key resistance at 1991.00.
Pivot:
1991.00
Our preference:
Short positions below 1991.00 with targets at 1977.00 & 1969.00 in extension.
Alternative scenario:
Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets.
Comment:
As long as the resistance at 1991.00 is not surpassed, the risk of the break below 1977.00 remains high.
Gold Intraday: key resistance at 1991.00.
Pivot:
1991.00
Our preference:
Short positions below 1991.00 with targets at 1977.00 & 1969.00 in extension.
Alternative scenario:
Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets.
Comment:
As long as the resistance at 1991.00 is not surpassed, the risk of the break below 1977.00 remains high.