Gold may fall to 2156.00 - 2161.00
Pivot
2176.00
Our preference
Short positions below 2176.00 with targets at 2161.00 & 2156.00 in extension.
Alternative scenario
Above 2176.00 look for further upside with 2181.00 & 2187.00 as targets.
Comment
As long as the resistance at 2176.00 is not surpassed, the risk of the break below 2161.00 remains high.
Supports and resistances
2187.00
2181.00
2176.00
2168.99 Last
2161.00
2156.00
2150.00
Number of asterisks represents the strength of support and resistance levels.
2176.00
Our preference
Short positions below 2176.00 with targets at 2161.00 & 2156.00 in extension.
Alternative scenario
Above 2176.00 look for further upside with 2181.00 & 2187.00 as targets.
Comment
As long as the resistance at 2176.00 is not surpassed, the risk of the break below 2161.00 remains high.
Supports and resistances
2187.00
2181.00
2176.00
2168.99 Last
2161.00
2156.00
2150.00
Number of asterisks represents the strength of support and resistance levels.
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