Gold spot Intraday: consolidation in place.

Gold spot Intraday: consolidation in place.
Pivot: 1295.00

Most likely scenario: short positions below 1295.00 with targets at 1288.50 & 1286.50 in extension.

Alternative scenario: above 1295.00 look for further upside with 1297.00 & 1299.50 as targets.

Comment: as long as 1295.00 is resistance, look for choppy price action with a bearish bias.

Leave a Reply