XAUUSD may rise to 2038.00 - 2044.00

Pivot

2027.00

Our preference

Long positions above 2027.00 with targets at 2038.00 & 2044.00 in extension.

Alternative scenario

Below 2027.00 look for further downside with 2022.00 & 2017.00 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

2050.00

2044.00

2038.00

2032.00 Last

2027.00

2022.00

2017.00

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