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alexander.gorodynsky
Oct 26, 2015 10:18 AM

XAUUSD 

Gold/U.S. DollarFXCM

Description

pivot point is at the level of 1166

Our preference: SELL with target below 1166 1158.60 points and 1156.00.

Alternative scenario: The upside breakout level 1166 open the way to 1170.00 and 1175.00.

Analysis: As long as 1166 remains resistance may drop to 1158.60.

Support and resistance levels:
1175.00
1170.00
1167.50
The closing price of 1164.71
1158.60
1156.00
1151.00
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