Gold Intraday: intraday support around 1651.00.
Pivot:
1651.00
Our preference:
Long positions above 1651.00 with targets at 1675.00 & 1685.00 in extension.
Alternative scenario:
Below 1651.00 look for further downside with 1640.00 & 1631.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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