Gold Intraday: consolidation in place.
Pivot:
1998.00
Our preference:
Short positions below 1998.00 with targets at 1988.00 & 1983.00 in extension.
Alternative scenario:
Above 1998.00 look for further upside with 2003.00 & 2007.00 as targets.
Comment:
As long as 1998.00 is resistance, look for choppy price action with a bearish bias.