Gold Intraday: bullish bias above 1807.00.
Pivot:
1807.00
Our preference:
Long positions above 1807.00 with targets at 1821.00 & 1827.00 in extension.
Alternative scenario:
Below 1807.00 look for further downside with 1802.00 & 1797.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.