XAU/USD may fall 81.00- 131.00 USD

Our preference

Short positions below 4470 with targets at 4350 & 4300 in extension.

4,600.000 Resistance...

4,535.000 Resistance

4,470.000 Resistance.

4,431.000 Last

4,470.000 Pivot

4,350.000 Support.

4,300.000 Support..

4,220.000 Support...

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

Alternative scenario

Above 4470 look for further upside with 4535 & 4600 as targets.

$XAU

XAU
XAUUSDT
4,559.16
+0.47%

#GOLD_UPDATE