Gold may fall to 2010.00 - 2019.00

Pivot

2035.00

Our preference

Short positions below 2035.00 with targets at 2019.00 & 2010.00 in extension.

Alternative scenario

Above 2035.00 look for further upside with 2043.00 & 2050.00 as targets.

Comment

As long as 2035.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

2050.00

2043.00

2035.00

2029.09 Last

2019.00

2010.00

2000.00

Number of asterisks represents the strength of support and resistance levels.
Technical IndicatorsTrend AnalysisWave Analysis

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