Gold Intraday: consolidation in place.
Pivot:
1848.00
Our preference:
Short positions below 1848.00 with targets at 1827.00 & 1817.00 in extension.
Alternative scenario:
Above 1848.00 look for further upside with 1857.00 & 1865.00 as targets.
Comment:
As long as 1848.00 is resistance, look for choppy price action with a bearish bias.