Gold Intraday: bullish bias above 2311.00.
Pivot: 2311.00
Our preference: long positions above 2311.00 with targets at 2328.00 & 2337.00 in extension.
Alternative scenario: below 2311.00 look for further downside with 2300.00 & 2291.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2343.00
2337.00
2328.00
2316.40 Last
2311.00
2300.00
2291.00
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