Gold Intraday: limited upside.
Gold (XAU/USD)+67.51+1.66%
long positions above 4070 with targets at 4110 & 4130 in extension.

Pivot: 4070
Our preference: long positions above 4070 with targets at 4110 & 4130 in extension.
Alternative scenario: below 4070 look for further downside with 4055 & 4040 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
4155
4130
4110
4096 Last
4070
4055
4040
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