XAU/USD
Intraday: choppy.
Target
1959.00
Pivot
1965.00
Our preference
Short positions below 1965.00 with targets at 1952.00 & 1947.00 in extension.
Alternative scenario
Above 1965.00 look for further upside with 1973.50 & 1979.00 as targets.
Comment
As long as 1965.00 is resistance, look for choppy price action with a bearish bias.
Intraday: choppy.
Target
1959.00
Pivot
1965.00
Our preference
Short positions below 1965.00 with targets at 1952.00 & 1947.00 in extension.
Alternative scenario
Above 1965.00 look for further upside with 1973.50 & 1979.00 as targets.
Comment
As long as 1965.00 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.