Daniel_Thompson

Gold may fall to 2163.00 - 2169.00

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Pivot

2185.00

Our preference

Short positions below 2185.00 with targets at 2169.00 & 2163.00 in extension.

Alternative scenario

Above 2185.00 look for further upside with 2200.00 & 2211.00 as targets.

Comment

As long as 2185.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

2211.00

2200.00

2185.00

2179.00 Last

2169.00

2163.00

2157.00

Number of asterisks represents the strength of support and resistance levels.
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