Gold Intraday: the downside prevails.

  • May 19, 2021

Pivot: 1864.00

Our preference: short positions below 1864.00 with targets at 1855.00 & 1844.00 in extension.

Alternative scenario: above 1864.00 look for further upside with 1874.00 & 1878.00 as targets.

Comment: as long as the resistance at 1864.00 is not surpassed, the risk of the break below 1855.00 remains high.

Supports and resistances:
1878.00
1874.00
1864.00
1858.20 Last
1855.00
1844.00
1830.00