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GOLD SELL NOW 2460/ SL 2471
TP 2455/2450/2445/2440
Intraday: expect 2445.00.
XAU/USD may fall 16.00-27.00 USD
Our preference
Short positions below 2472.00 with targets at 2445.00 & 2434.00 in extension.
2485.00 Resistance
2477.00 Resistance
2472.00 Resistance.
2461.00 Last
2472.00 Pivot
2445.00 Support.
2434.00 Support..
2423.00 Support...
Comment
As long as 2472.00 is resistance, expect a return to 2445.00.
Alternative scenario
Above 2472.00 look for further upside with 2477.00 & 2485.00 as targets.
GOLD BUY NOW 2426 SL 2417
TP 2430/2435/2440
Intraday: Bias remains bullish.
XAU/USD May Rally 10.54-18.54 USD
Our Preference
Long above 2417.00 with targets at 2437.00 and 2445.00 as an extension.
2455.00 Resistance
2445.00 Resistance..
2437.00 Resistance.
2426.46 Last
2417.00 Pivot
2417.00 Support.
2408.00 Support..
2402.00 Support
Commentary
While a continuation of the consolidation cannot be ruled out, its extension should be limited.
Alternative Scenario
Below 2417.00, look for further downside with 2408.00 and 2402.00 as targets.
GOLD BUY NOW 2420 SL 2410
TP 2424/2428/2432/2440
Intraday: further upside.
XAU/USD may rise 9.38 19.38 USD
Our preference
Long positions above 2412.00 with targets at 2435.00 & 2445.00 in extension.
2458.00 Resistance
2445.00 Resistance..
2435.00 Resistance.
2425.62 Last
2412.00 Pivot
2412.00 Support.
2402.00 Support..
2393.00 Support
Comment
The RSI is mixed with a bullish bias.
Alternative scenario
Below 2412.00 look for further downside with 2402.00 & 2393.00 as targets.
GOLD SELL NOW 2387 SL 2399
TP 2383/2378/2372
Intraday: watch 2365.00.
XAU/USD may fall 19.00-32.00 USD
Our preference
Short positions below 2402.00 with targets at 2365.00 & 2352.00 in extension.
2431.00 Resistance...
2417.00 Resistance..
2402.00 Resistance.
2384.00 Last
2402.00 Pivot
2365.00 Support.
2352.00 Support..
2339.00 Support...
Comment
The RSI calls for a drop.
Alternative scenario
Above 2402.00 look for further upside with 2417.00 & 2431.00 as targets.
GOLD SELL NOW 2412 SL 2421
TP 2408/2404/2400/2390
Intraday: key resistance at 2421.00.
XAU/USD may fall 24.0038.00 USD
Our preference
Short positions below 2421.00 with targets at 2384.00 & 2370.00 in extension.
2455.00 Resistance
2442.00 Resistance..
2421.00 Resistance.
2408.00 Last
2421.00 Pivot
2384.00 Support.
2370.00 Support..
2353.00 Support
Comment
As long as 2421.00 is resistance, expect a return to 2384.00.
Alternative scenario
Above 2421.00 look for further upside with 2442.00 & 2455.00 as targets.
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GOLD SELL NOW 24450
SL 2460
TP 2442/2436/2430
Intraday: key resistance at 2456.00.
XAU/USD may fall 29.54-43.54 USD
Our preference
Short positions below 2456.00 with targets at 2411.00 & 2397.00 in extension.
2490.00 Resistance
2474.00 Resistance..
2456.00 Resistance.
2440.54 Last
2456.00 Pivot
2411.00 Support.
2397.00 Support..
2383.00 Support
Comment
As long as 2456.00 is resistance, look for choppy price action with a bearish bias.
Alternative scenario
Above 2456.00 look for further upside with 2474.00 & 2490.00 as targets.
GOLD BUY NOW 2442 SL 2331
TP 2446/2450/2454/2460
Intraday: bullish bias above 2430.00.
XAU/USD may rise 8.67 23.67 USD
Our preference
Long positions above 2430.00 with targets at 2458.00 & 2473.00 in extension.
2483.00 Resistance
2473.00 Resistance..
2458.00 Resistance.
2449.33 Last
2430.00 Pivot
2430.00 Support.
2412.00 Support..
2395.00 Support...
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Alternative scenario
Below 2430.00 look for further downside with 2412.00 & 2395.00 as targets.
GOLD BUY NOW 2417 SL 2407
TP 2422/2426/2430
Intraday: intraday support around 2395.00.
XAU/USD may rise 10.11 23.11 USD
Our preference
Long positions above 2395.00 with targets at 2417.00 & 2430.00 in extension.
2445.00 Resistance
2430.00 Resistance..
2417.00 Resistance.
2406.89 Last
2395.00 Pivot
2395.00 Support.
2384.00 Support..
2375.00 Support...
Comment
The next resistances are at 2417.00 and then at 2430.00.
Alternative scenario
Below 2395.00 look for further downside with 2384.00 & 2375.00 as targets.
GOLD sell now 2386 2388
sl 2393
Tp 2384
Tp 2380
GOLD BUY NOW 2392 SL 2380
TP 2396/2400/2405/2410.
Intraday: towards 2418.00.
XAU/USD may rise 17.00-25.00 USD
Our preference
Long positions above 2379.00 with targets at 2410.00 & 2418.00 in extension.
2431.00 Resistance
2418.00 Resistance..
2410.00 Resistance.
2393.00 Last
2379.00 Pivot
2379.00 Support.
2365.00 Support..
2353.00 Support...
Comment
The RSI is mixed to bullish.
Alternative scenario
Below 2379.00 look for further downside with 2365.00 & 2353.00 as targets.
GOLD BUY NOW 2372 SL 2362
2376/2380/2385
Intraday: towards 2396.00.
XAU/USD may rise 4.00-18.00 USD
Our preference
Long positions above 2362.00 with targets at 2382.00 & 2396.00 in extension.
2410.00 Resistance...
2396.00 Resistance..
2382.00 Resistance.
2378.00 Last
2362.00 Pivot
2362.00 Support.
2353.00 Support..
2340.00 Support...
Comment
The RSI is bullish and calls for further advance.
Alternative scenario
Below 2362.00 look for further downside with 2353.00 & 2340.00 as targets.
GOLD SELL NOW 2370 SL 2381
TP 2365/2360/2355/2350
Intraday: look for 2360.00.
XAU/USD may fall 12.00-22.00 USD
Our preference
Short positions below 2389.00 with targets at 2360.00 & 2350.00 in extension.
2410.00 Resistance
2401.00 Resistance..
2389.00 Resistance.
2372.00 Last
2389.00 Pivot
2360.00 Support.
2350.00 Support..
2340.00 Support...
Comment
The RSI has broken down its 30 level.
Alternative scenario
Above 2389.00 look for further upside with 2401.00 & 2410.00 as targets.
GOLD NOW 2397 / SL 2409
Tp 2392/2388/2382/
Intraday: key resistance at 2412.00.
XAU/USD may fall 19.23 33.23 USD
Our preference
Short positions below 2412.00 with targets at 2384.00 & 2370.00 in extension.
2434.00 Resistance
2425.00 Resistance..
2412.00 Resistance.
2403.23 Last
2412.00 Pivot
2384.00 Support.
2370.00 Support..
2353.00 Support...
Comment
The index currently faces a challenging resistance area at 2412.00.
Alternative scenario
Above 2412.00 look for further upside with 2425.00 & 2434.00 as targets.
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