XAUUSD
Pivot
1793.00
My preference:
Short positions below 1793.00 with targets at 1778.00 & 1771.00 in extension.
Alternative scenario
Above 1793.00 look for further upside with 1800.00 & 1808.00 as targets.
My Comment:
As long as 1793.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
1808.00
1800.00
1793.00
1789.81 Last
1778.00
1771.00
1764.00
Number of asterisks represents the strength of support and resistance levels.
1793.00
My preference:
Short positions below 1793.00 with targets at 1778.00 & 1771.00 in extension.
Alternative scenario
Above 1793.00 look for further upside with 1800.00 & 1808.00 as targets.
My Comment:
As long as 1793.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
1808.00
1800.00
1793.00
1789.81 Last
1778.00
1771.00
1764.00
Number of asterisks represents the strength of support and resistance levels.
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