Gold Intraday: the bias remains bullish.
Pivot:
1800.00
Our preference:
Long positions above 1800.00 with targets at 1816.00 & 1824.00 in extension.
Alternative scenario:
Below 1800.00 look for further downside with 1795.00 & 1788.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.