Gold Intraday: the upside prevails.
Pivot:
3312.00
Our preference:
Long positions above 3312.00 with targets at 3383.00 & 3423.00 in extension.
Alternative scenario:
Below 3312.00 look for further downside with 3278.00 & 3245.00 as targets.
Comment:
The immediate trend remains up and the momentum is strong.