Gold Intraday: the bias remains bullish.

Pivot: 3355.00

Our preference: long positions above 3355.00 with targets at 3392.00 & 3408.00 in extension.

Alternative scenario: below 3355.00 look for further downside with 3343.00 & 3333.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

3428.00

3408.00

3392.00

3373.54 Last

3355.00

3343.00

3333.00