Gold may fall to 1865.00 - 1872.00
Pivot point 1892.00
Our preference
Short positions below 1892.00 with targets at 1872.00 & 1865.00 in extension.
Alternative scenario
Above 1892.00 look for further upside with 1903.00 & 1911.00 as targets.
Comment
As long as 1892.00 is resistance, look for choppy price action with a bearish bias.
Pivot point 1892.00
Our preference
Short positions below 1892.00 with targets at 1872.00 & 1865.00 in extension.
Alternative scenario
Above 1892.00 look for further upside with 1903.00 & 1911.00 as targets.
Comment
As long as 1892.00 is resistance, look for choppy price action with a bearish bias.