Gold Intraday: bullish bias above 1915.00.
Pivot:
1915.00
Our preference:
Long positions above 1915.00 with targets at 1925.00 & 1930.00 in extension.
Alternative scenario:
Below 1915.00 look for further downside with 1910.00 & 1904.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.