(06 JULY 2020)Gold spot ($) Consolidation.

(06 JULY 2020)Gold spot ($) Consolidation.

6 July 2020, 09:21
Jiming Huang
0
91

go
Pivot
 (invalidation): 1779.00
Our preference
Short positions below 1779.00 with targets at 1769.50 & 1765.00 in extension.
Alternative scenario
Above 1779.00 look for further upside with 1784.00 & 1789.00 as targets.
Comment
As Long as 1779.00 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL)