Gold may fall to 2862.00 - 2877.00

Intraday: under pressure.

Pivot

2909.00

Our preference

Short positions below 2909.00 with targets at 2877.00 & 2862.00 in extension.

Alternative scenario

Above 2909.00 look for further upside with 2920.00 & 2928.00 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

2928.00

2920.00

2909.00

2889.00 Last

2877.00

2862.00

2850.00

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

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