Gold Intraday: the bias remains bullish.
Pivot:
3190.00
Our preference:
Long positions above 3190.00 with targets at 3245.00 & 3285.00 in extension.
Alternative scenario:
Below 3190.00 look for further downside with 3155.00 & 3130.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.