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GOLD SELL NOW 2495 SL 2506
TP 2490/2485/2480/2470
Intraday: look for 2483.00.
XAU/USD may fall 10.00-22.00 USD
Our preference
Short positions below 2507.00 with targets at 2483.00 & 2471.00 in extension.
2520.00 Resistance...
2513.00 Resistance..
2507.00 Resistance.
2493.00 Last
2507.00 Pivot
2483.00 Support.
2471.00 Support..
2459.00 Support...
Comment
The RSI is bearish and calls for further decline.
Alternative scenario
Above 2507.00 look for further upside with 2513.00 & 2520.00 as targets.
GOLD SELL NOW 2497/2499
Sl 2509
TP 2492/2488/2482/2470
Intraday: the downside prevails.
XAU/USD may fall 6.98-13.98 USD
Our preference
Short positions below 2505.00 with targets at 2490.00 & 2483.00 in extension.
2520.00 Resistance
2513.00 Resistance..
2505.00 Resistance.
2496.98 Last
2505.00 Pivot
2490.00 Support.
2483.00 Support..
2471.00 Support...
Comment
As long as the resistance at 2505.00 is not surpassed, the risk of the break below 2490.00 remains high.
Alternative scenario
Above 2505.00 look for further upside with 2513.00 & 2520.00 as targets.
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GOLD SELL NOW 2513 SL 2523
TP 2508/2502/2498/2493
Intraday: caution.
XAU/USD may fall 11.5119.51 USD
Our preference
Short positions below 2516.00 with targets at 2502.00 & 2494.00 in extension.
2531.00 Resistance...
2523.00 Resistance
2516.00 Resistance.
2513.51 Last
2516.00 Pivot
2502.00 Support.
2494.00 Support..
2487.00 Support...
Comment
The RSI is mixed and calls for caution.
Alternative scenario
Above 2516.00 look for further upside with 2523.00 & 2531.00 as targets.
GOLD BUY NOW 2512/2520
SL 2500 TP 2518/2524/2530/2540
Intraday: watch 2532.00.
XAU/USD may rise 11.00-21.00 USD
Our preference
Long positions above 2514.00 with targets at 2532.00 & 2542.00 in extension.
2550.00 Resistance
2542.00 Resistance.
2532.00 Resistance.
2521.00 Last
2514.00 Pivot
2514.00 Support.
2504.00 Support..
2494.00 Support...
Comment
The next resistances are at 2532.00 and then at 2542.00.
Alternative scenario
Below 2514.00 look for further downside with 2504.00 & 2494.00 as targets.
Intraday: turning down.
XAU/USD may fall 13.00-21.00 USD
Our preference
Short positions below 2521.00 with targets at 2495.00 & 2487.00 in extension.
2508.00 Last
2521.00 Pivot
Comment
The RSI calls for a drop.
Alternative scenario
Above 2521.00 look for further upside with 2532.00 & 2546.00 as targets.
GOLD BUY NOW 2511/2509 SL 2498
TP 2516/2520/2525/2530/2540
Intraday: intraday support around 2500.00.
XAU/USD may rise 6.00-18.00 USD
Our preference
Long positions above 2500.00 with targets at 2520.00 & 2532.00 in extension.
2546.00 Resistance
2532.00 Resistance
2520.00 Resistance.
2514.00 Last
2500.00 Pivot
2500.00 Support.
2485.00 Support..
2471.00 Support...
Comment
Technically the RSI is above its neutrality area at 50.
Alternative scenario
Below 2500.00 look for further downside with 2485.00 & 2471.00 as targets.
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GOLD SELL NOW 2503 SL 2513
TP 2500/2496/2490/2480/
Intraday: turning down.
XAU/USD may fall 14.00-23.00 USD
Our preference
Short positions below 2519.00 with targets at 2486.00 & 2477.00 in extension.
2542.00 Resistance
2531.00 Resistance..
2519.00 Resistance.
2500.00 Last
2519.00 Pivot
2486.00 Support.
2477.00 Support..
2468.00 Support...
Comment
The RSI is bearish and calls for further decline.
Alternative scenario
Above 2519.00 look for further upside with 2531.00 & 2542.00 as targets.
GOLD BUY NOW 2514 /2512. SL 2500
TP 2518/2524/2530/2540/2550
Intraday: intraday support around 2500.00.
XAU/USD may rise 17.62-33.62 USD
Our preference
Long positions above 2500.00 with targets at 2530.00 & 2546.00 in extension.
2558.00 Resistance...
2546.00 Resistance..
2530.00 Resistance.
2512.38 Last
2500.00 Pivot
2500.00 Support.
2486.00 Support..
2475.00 Support...
Comment
The RSI calls for a bounce.
Alternative scenario
Below 2500.00 look for further downside with 2486.00 & 2475.00 as targets.
GOLD BUY NOW 2499/2496
Sl 2486
TP 2504/2510/2515/2525
Intraday: 2531.00 in sight.
XAU/USD may rise 11.96 27.96 USD
Our preference
Long positions above 2486.00 with targets at 2515.00 & 2531.00 in extension.
2540.00 Resistance...
2531.00 Resistance
2515.00 Resistance.
2503.04 Last
2486.00 Pivot
2486.00 Support.
2478.00 Support..
2470.00 Support
Comment The RSI calls for a new upleg.
Alternative scenario
Below 2486.00 look for further downside with 2478.00 & 2470.00 as targets.
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GOLD SELL NOW 2454 SL 2466
TP 2450/2445/2440/2435/
Intraday: key resistance at 2458.00.
XAU/USD may fall 15.1828.18 USD
Our preference
Short positions below 2458.00 with targets at 2437.00 & 2424.00 in extension.
2477.00 Resistance...
2465.00 Resistance..
2458.00 Resistance.
2452.18 Last
2458.00 Pivot
2437.00 Support.
2424.00 Support..
2407.00 Support...
Comment
The index currently faces a challenging resistance area at 2458.00.
Alternative scenario
Above 2458.00 look for further upside with 2465.00 & 2477.00 as targets.
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