XAUUSD

Pivot

1793.00

My preference:

Short positions below 1793.00 with targets at 1778.00 & 1771.00 in extension.

Alternative scenario

Above 1793.00 look for further upside with 1800.00 & 1808.00 as targets.

My Comment:

As long as 1793.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1808.00

1800.00

1793.00

1789.81 Last

1778.00

1771.00

1764.00

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