Gold may fall to 2163.00 - 2169.00
Pivot
2185.00
Our preference
Short positions below 2185.00 with targets at 2169.00 & 2163.00 in extension.
Alternative scenario
Above 2185.00 look for further upside with 2200.00 & 2211.00 as targets.
Comment
As long as 2185.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
2211.00
2200.00
2185.00
2179.00 Last
2169.00
2163.00
2157.00
Number of asterisks represents the strength of support and resistance levels.
2185.00
Our preference
Short positions below 2185.00 with targets at 2169.00 & 2163.00 in extension.
Alternative scenario
Above 2185.00 look for further upside with 2200.00 & 2211.00 as targets.
Comment
As long as 2185.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
2211.00
2200.00
2185.00
2179.00 Last
2169.00
2163.00
2157.00
Number of asterisks represents the strength of support and resistance levels.
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