FX:XAUUSD   Gold / U.S. Dollar
Pivot: 1278.00

Most Likely Scenario: long positions above 1278.00 with targets @ 1293.00 & 1303.00 in extension.

Alternative scenario: below 1278.00 look for further downside with 1265.60 & 1257.00 as targets.

Comment: a support base at 1278.00 has formed and has allowed for a temporary stabilisation.
Gold spot Intraday: bullish bias above 1278.00. << PREVIOUS | NEXT >>

Pivot: 1278.00

Our preference: long positions above 1278.00 with targets @ 1293.00 & 1303.00 in extension.

Alternative scenario: below 1278.00 look for further downside with 1265.60 & 1257.00 as targets.

Comment: a support base at 1278.00 has formed and has allowed for a temporary stabilisation.
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samsaleem samsaleem
lol copy of ForexCT daily technical levels
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as you said 78 is pivot ... real resistance is 74.
Nice clear chart. I agree to your idea.
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