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.
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Monitor first buy zone @ 2497-2494 to look for buy ! -reason[RBR D1/RBS H4/BULLISH ENGULFING H4/RBS H1]
Monitor second buy zone @ 2472-2469 to look for buy ! -reason[RBS D1/RBS H4/RBS H1]
Monitor third buy zone @ 2447-2444 to look for buy ! -reason[RBR W1/RBS D1/RBS H4/RBS H1]
Monitor sell zone @ 2533-2530 to look for sell ! -reason[H4 RESISTANT/H4 BEARISH ENGULFING/H1 RESISTANT/H1 BEARISH ENGULFING]
As what we can see now price is strong bullish trend channel ! And if you look at D1 TF you can see there is a base gold try to make there. So we can try to find opportunity to buy there as at our first buy zone ! But if price breakout the zone we can slowly find opportunity to sell using the breakout zone until our second buy zone okay guys ! Whatever it is always monitor in lower TF to look for confirmation before make an entry okay guys ! 🔥💪🏻
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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.
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