Gold Intraday: bullish bias above 1946.00.
Pivot:
1946.00
Our preference:
Long positions above 1946.00 with targets at 1963.00 & 1968.00 in extension.
Alternative scenario:
Below 1946.00 look for further downside with 1940.00 & 1933.00 as targets.
Comment:
A support base at 1946.00 has formed and has allowed for a temporary stabilisation.