Gold Intraday: consolidation.
Pivot:
4049.00
Our preference:
Short positions below 4049.00 with targets at 4000.00 & 3985.00 in extension.
Alternative scenario:
Above 4049.00 look for further upside with 4080.00 & 4100.00 as targets.
Comment:
The RSI shows downside momentum.
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