Gold Intraday: bullish bias above 1947.00.
Pivot:
1947.00
Our preference:
Long positions above 1947.00 with targets at 1972.00 & 1980.00 in extension.
Alternative scenario:
Below 1947.00 look for further downside with 1941.00 & 1933.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.