Gold Intraday: key resistance at 4078.
Pivot:
4078
Our preference:
Short positions below 4078 with targets at 4010 & 3985 in extension.
Alternative scenario:
Above 4078 look for further upside with 4105 & 4125 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
