rajenderam40
Short

XAUUSD: Under Pressure

FX:XAUUSD   Gold Spot / U.S. Dollar
82 0 0
Short Positions Below 1081.5 With Targets @ 1067 & 1059 In Extension.

Pivot: 1081.5

My preference: short positions below 1081.5 with targets @ 1067 & 1059 in extension.

Alternative scenario: above 1081.5 look for further upside with 1089 & 1094 as targets.

Comment: as long as 1081.5 is resistance, look for choppy price action with a bearish bias.
Trade active
Trade closed: target reached
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