Gold Intraday: bullish bias above 4730.
Pivot:
4730
Our preference:
Long positions above 4730 with targets at 4780 & 4800 in extension.
Alternative scenario:
Below 4730 look for further downside with 4700 & 4670 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
