Gold Intraday: choppy.
Target level found at
4,010.00
Pivot level found at
4,137.00
Resistance level found at
4,160.00
Our preference
Short positions below 4137.00 with targets at 4045.00 & 4010.00 in extension.
Alternative scenario
Above 4137.00 look for further upside with 4160.00 & 4215.00 as targets.
Comment
As long as 4137.00 is resistance, look for choppy price action with a bearish bias.
Target level found at
4,010.00
Pivot level found at
4,137.00
Resistance level found at
4,160.00
Our preference
Short positions below 4137.00 with targets at 4045.00 & 4010.00 in extension.
Alternative scenario
Above 4137.00 look for further upside with 4160.00 & 4215.00 as targets.
Comment
As long as 4137.00 is resistance, look for choppy price action with a bearish bias.
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