Gold may fall to 1865.00 - 1872.00
Pivot point 1892.00
Our preference
Short positions below 1892.00 with targets at 1872.00 & 1865.00 in extension.
Alternative scenario
Above 1892.00 look for further upside with 1903.00 & 1911.00 as targets.
Comment
As long as 1892.00 is resistance, look for choppy price action with a bearish bias.
Pivot point 1892.00
Our preference
Short positions below 1892.00 with targets at 1872.00 & 1865.00 in extension.
Alternative scenario
Above 1892.00 look for further upside with 1903.00 & 1911.00 as targets.
Comment
As long as 1892.00 is resistance, look for choppy price action with a bearish bias.
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.
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.