Gold Intraday: intraday support around 3300.00.

Pivot: 3300.00

Our preference: long positions above 3300.00 with targets at 3340.00 & 3353.00 in extension.

Alternative scenario: below 3300.00 look for further downside with 3284.00 & 3264.00 as targets.

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

Supports and resistances:

3370.00

3353.00

3340.00

3318.65 Last

3300.00

3284.00

3264.00