Gold may fall to 2010.00 - 2019.00
Pivot
2035.00
Our preference
Short positions below 2035.00 with targets at 2019.00 & 2010.00 in extension.
Alternative scenario
Above 2035.00 look for further upside with 2043.00 & 2050.00 as targets.
Comment
As long as 2035.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
2050.00
2043.00
2035.00
2029.09 Last
2019.00
2010.00
2000.00
Number of asterisks represents the strength of support and resistance levels.
2035.00
Our preference
Short positions below 2035.00 with targets at 2019.00 & 2010.00 in extension.
Alternative scenario
Above 2035.00 look for further upside with 2043.00 & 2050.00 as targets.
Comment
As long as 2035.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
2050.00
2043.00
2035.00
2029.09 Last
2019.00
2010.00
2000.00
Number of asterisks represents the strength of support and resistance levels.
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