XAU Trading Outlook Archive

GOLD Pivot: 1135.5 Likely scenario: Long positions above 1135.5 with targets @ 1157 & 1165 in extension. Alternative scenario: Below 1135.5 look for further downside with 1130 & 1122.5 as targets. Comment: The RSI is mixed to bullish.

GOLD Pivot: 1130 Likely scenario: Long positions above 1130 with targets @ 1142.3 & 1148.5 in extension. Alternative scenario: Below 1130 look for further downside with 1122.5 & 1112 as targets. Comment: A support base at 1130 has formed and has allowed for a temporary… Read more

GOLD Pivot: 1120 Likely scenario: Long positions above 1120 with targets @ 1144 & 1148 in extension. Alternative scenario: Below 1120 look for further downside with 1112 & 1105 as targets. Comment: The RSI is mixed to bullish.

GOLD Pivot: 1139 Likely scenario: Short positions below 1139 with targets @ 1128 & 1121 in extension. Alternative scenario: Above 1139 look for further upside with 1148 & 1157 as targets. Comment: As long as 1139 is resistance, likely decline to 1128.

GOLD Pivot: 1142 Likely scenario: Long positions above 1142 with targets @ 1157 & 1162 in extension. Alternative scenario: Below 1142 look for further downside with 1133 & 1129 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GOLD Pivot: 1136 Likely scenario: Short positions below 1136 with targets @ 1121 & 1116 in extension. Alternative scenario: Above 1136 look for further upside with 1142 & 1148 as targets. Comment: Intraday technical indicators are mixed and call for caution.

GOLD Pivot: 1142 Likely scenario: Short positions below 1142 with targets @ 1127 & 1124.5 in extension. Alternative scenario: Above 1142 look for further upside with 1147 & 1150.9 as targets. Comment: As long as 1142 is resistance, likely decline to 1127.

GOLD Pivot: 1115 Likely scenario: Long positions above 1115 with targets @ 1125 & 1127 in extension. Alternative scenario: Below 1115 look for further downside with 1112 & 1107 as targets. Comment: The RSI is supported by a rising trend line.

GOLD Pivot: 1110 Likely scenario: Short positions below 1110 with targets @ 1098 & 1094 in extension. Alternative scenario: Above 1110 look for further upside with 1116 & 1119 as targets. Comment: As long as 1110 is resistance, likely decline to 1098.

GOLD Pivot: 1116 Likely scenario: Short positions below 1116 with targets @ 1101 & 1094 in extension. Alternative scenario: Above 1116 look for further upside with 1126 & 1130.7 as targets. Comment: As long as 1116 is resistance, likely decline to 1101.