Gold Intraday: bullish bias above 1953.00.
Pivot:
1953.00
Our preference:
Long positions above 1953.00 with targets at 1974.00 & 1983.00 in extension.
Alternative scenario:
Below 1953.00 look for further downside with 1945.00 & 1938.00 as targets.
Comment:
A support base at 1953.00 has formed and has allowed for a temporary stabilisation.