HomeContributorsTechnical AnalysisGold Spot Bullish Bias Above 1718.00

Gold Spot Bullish Bias Above 1718.00

Pivot (invalidation): 1718.00

Our preference Long positions above 1718.00 with targets at 1731.00 & 1739.00 in extension.

Alternative scenario Below 1718.00 look for further downside with 1705.00 & 1692.00 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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