Gold Intraday: the upside prevails.
Pivot:
4885
Our preference:
Long positions above 4885 with targets at 4980 & 5040 in extension.
Alternative scenario:
Below 4885 look for further downside with 4838 & 4800 as targets.
Comment:
The break above 4885 is a positive signal that has opened a path to 4980.
