Gold Short Term: consolidation in place.
Gold (XAU/USD)-6.70-0.15%
short positions below 4855 with targets at 4260 & 4100 in extension.

Pivot: 4855
Our preference: short positions below 4855 with targets at 4260 & 4100 in extension.
Alternative scenario: above 4855 look for further upside with 5000 & 5175 as targets.
Comment: as long as 4855 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5175
5000
4855
4539 Last
4260
4100
4000
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