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.