Gold Short Term: look for 2700.00

Pivot: 2525.00
Our preference:
long positions above 2525.00 with targets at 2700.00 & 2770.00 in extension.
Alternative scenario:
below 2525.00 look for further downside with 2470.00 & 2365.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2800.00 **
2770.00 ***
2700.00 ***
2668.00 Last
2525.00 ***
2470.00 ***
2365.00 ***