Xau-usd short sell intraday because there is trend reversal
Short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Pivot: 1261.00
Our preference: short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Alternative scenario: above 1261.00 look for further upside with 1264.00 & 1267.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1261.00.
Supports and resistances:
1267.00
1264.00
1261.00
1257.80 Last
1254.00
1252.00
1249.00
Pivot: 1261.00
Our preference: short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Alternative scenario: above 1261.00 look for further upside with 1264.00 & 1267.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1261.00.
Supports and resistances:
1267.00
1264.00
1261.00
1257.80 Last
1254.00
1252.00
1249.00
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.