Gold Intraday: the bias remains bullish.
Pivot:
2028.00
Our preference:
Long positions above 2028.00 with targets at 2048.00 & 2055.00 in extension.
Alternative scenario:
Below 2028.00 look for further downside with 2020.00 & 2012.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
