Gold may fall to 2150.00 - 2230.00
Pivot
2390.00
Our preference
Short positions below 2390.00 with targets at 2230.00 & 2150.00 in extension.
Alternative scenario
Above 2390.00 look for further upside with 2450.00 & 2510.00 as targets.
Comment
The RSI advocates for further decline.
Supports and resistances
2510.00 **
2450.00 ***
2390.00 ***
2287.00 Last
2230.00 ***
2150.00 ***
2075.00 ***
Number of asterisks represents the strength of support and resistance levels.
2390.00
Our preference
Short positions below 2390.00 with targets at 2230.00 & 2150.00 in extension.
Alternative scenario
Above 2390.00 look for further upside with 2450.00 & 2510.00 as targets.
Comment
The RSI advocates for further decline.
Supports and resistances
2510.00 **
2450.00 ***
2390.00 ***
2287.00 Last
2230.00 ***
2150.00 ***
2075.00 ***
Number of asterisks represents the strength of support and resistance levels.