Gold Short

Pivot

1659.00

Our preference

Short positions below 1659.00 with targets at 1639.00 & 1630.00 in extension.

Alternative scenario

Above 1659.00 look for further upside with 1667.00 & 1672.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1672.00

1667.00

1659.00

1649.00 Last

1639.00

1630.00

1621.00
Trend Analysisxauusdshort

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