Gold is neutral

ST: consolidation in place.

Pivot

2395.00

Our preference

Short positions below 2395.00 with targets at 2280.00 & 2230.00 in extension.

Alternative scenario

Above 2395.00 look for further upside with 2450.00 & 2510.00 as targets.

Comment

As long as 2395.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

2510.00 **

2450.00 ***

2395.00 ***

2319.00 Last

2280.00 ***

2230.00 ***

2150.00 ***

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

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