Gold Intraday: the bias remains bullish.
Pivot:
1984.00
Our preference:
Long positions above 1984.00 with targets at 1995.00 & 2000.00 in extension.
Alternative scenario:
Below 1984.00 look for further downside with 1978.00 & 1970.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.