Gold Intraday: bullish bias above 3728.00.
Pivot:
3728.00
Our preference:
Long positions above 3728.00 with targets at 3761.00 & 3775.00 in extension.
Alternative scenario:
Below 3728.00 look for further downside with 3717.00 & 3705.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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