Gold Intraday: intraday support around 1927.00.
Pivot:
1927.00
Our preference:
Long positions above 1927.00 with targets at 1937.00 & 1942.00 in extension.
Alternative scenario:
Below 1927.00 look for further downside with 1921.00 & 1916.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.