Gold may rise to 2768.00 - 2780.00

Pivot

2747.00

Our preference

Long positions above 2747.00 with targets at 2768.00 & 2780.00 in extension.

Alternative scenario

Below 2747.00 look for further downside with 2737.00 & 2729.00 as targets.

Comment

The break above 2747.00 is a positive signal that has opened a path to 2768.00.

Supports and resistances

2800.00

2780.00

2768.00

2756.12 Last

2747.00

2737.00

2729.00

Number of asterisks represents the strength of support and resistance levels.