Gold Intraday: expect 2306.00

Pivot: 2331.00

Our preference: short positions below 2331.00 with targets at 2314.00 & 2306.00 in extension.

Alternative scenario: above 2331.00 look for further upside with 2342.00 & 2350.00 as targets.

Comment: as long as the resistance at 2331.00 is not surpassed, the risk of the break below 2314.00 remains high.

Supports and resistances:
2350.00
2342.00
2331.00
2322.20 Last
2314.00
2306.00
2300.00