Gold Intraday: bullish bias above 2034.00.
Pivot:
2034.00
Our preference:
Long positions above 2034.00 with targets at 2052.00 & 2060.00 in extension.
Alternative scenario:
Below 2034.00 look for further downside with 2028.00 & 2020.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.