Gold Intraday: caution.
Pivot:
3332.00
Our preference:
Long positions above 3332.00 with targets at 3350.00 & 3357.00 in extension.
Alternative scenario:
Below 3332.00 look for further downside with 3320.00 & 3309.00 as targets.
Comment:
Investors have to remain cautious since these levels may trigger profit taking.