Gold may fall to 2156.00 - 2161.00

Pivot

2176.00

Our preference

Short positions below 2176.00 with targets at 2161.00 & 2156.00 in extension.

Alternative scenario

Above 2176.00 look for further upside with 2181.00 & 2187.00 as targets.

Comment

As long as the resistance at 2176.00 is not surpassed, the risk of the break below 2161.00 remains high.

Supports and resistances

2187.00

2181.00

2176.00

2168.99 Last

2161.00

2156.00

2150.00

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