UnknownUnicorn260252

XAUUSD Daily Chart : Consolidation.

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
4
Pivot: 1225.00

Preference: short positions below 1225.00 with targets at 1190.00 & 1180.00 in extension.

Alternative scenario: above 1225.00 look for further upside with 1245.00 & 1264.00 as targets.

Comment: technically the RSI is below its neutrality area at 50. Stochastic oversold area.

Supports and resistances:
1264.00 **
1245.00 **
1225.00 ***
1207.20 Last
1190.00 ***
1180.00 **
1150.00 **
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