Gold may fall to 2306.00 - 2316.00

Pivot

2333.00

Our preference

Short positions below 2333.00 with targets at 2316.00 & 2306.00 in extension.

Alternative scenario

Above 2333.00 look for further upside with 2344.00 & 2355.00 as targets.

Comment

As long as the resistance at 2333.00 is not surpassed, the risk of the break below 2316.00 remains high.

Supports and resistances

2355.00

2344.00

2333.00

2328.85 Last

2316.00

2306.00

2295.00

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