Gold Intraday: consolidation in place.
Pivot:
1722.00
Our preference:
Short positions below 1722.00 with targets at 1695.00 & 1682.00 in extension.
Alternative scenario:
Above 1722.00 look for further upside with 1734.00 & 1745.00 as targets.
Comment:
As long as 1722.00 is resistance, look for choppy price action with a bearish bias.
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