Gold Intraday: the bias remains bullish.
Pivot:
1918.00
Our preference:
Long positions above 1918.00 with targets at 1934.00 & 1939.00 in extension.
Alternative scenario:
Below 1918.00 look for further downside with 1912.00 & 1904.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.