Gold Intraday: intraday support around 1846.00.
Pivot:
1846.00
Our preference:
Long positions above 1846.00 with targets at 1865.00 & 1874.00 in extension.
Alternative scenario:
Below 1846.00 look for further downside with 1835.00 & 1827.00 as targets.
Comment:
A support base at 1846.00 has formed and has allowed for a temporary stabilisation.