Gold Intraday: consolidation in place.
Pivot:
1998.00
Our preference:
Short positions below 1998.00 with targets at 1983.00 & 1976.00 in extension.
Alternative scenario:
Above 1998.00 look for further upside with 2007.00 & 2014.00 as targets.
Comment:
The RSI is mixed with a bearish bias.