Gold Intraday: bullish bias above 2985.00.
Pivot:
2985.00
Our preference:
Long positions above 2985.00 with targets at 3005.00 & 3020.00 in extension.
Alternative scenario:
Below 2985.00 look for further downside with 2978.00 & 2970.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.