Gold Intraday: bullish bias above 3365.00.
Pivot:
3365.00
Our preference:
Long positions above 3365.00 with targets at 3390.00 & 3410.00 in extension.
Alternative scenario:
Below 3365.00 look for further downside with 3350.00 & 3340.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.