Short XAUUSD @ below 40 levels
preference: short positions below 1243.30 with targets @ 1232.00 & 1226.00 in extension.
Alternative scenario: above 1243.30 look for further upside with 1249.50 & 1255.50 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1255.50
1249.50
1243.30
1238.01 Last
1232.00
1226.00
1220.00
Alternative scenario: above 1243.30 look for further upside with 1249.50 & 1255.50 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1255.50
1249.50
1243.30
1238.01 Last
1232.00
1226.00
1220.00
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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.