XAU Trading Outlook Archive

GOLD Pivot: 1124.8 Likely scenario: Short positions below 1124.8 with targets @ 1114 & 1110 in extension. Alternative scenario: Above 1124.8 look for further upside with 1133 & 1142 as targets. Comment: As long as 1124.8 is resistance, likely decline to 1114.

GOLD Pivot: 1126.7 Likely scenario: Short positions below 1126.7 with targets @ 1114 & 1110 in extension. Alternative scenario: Above 1126.7 look for further upside with 1130.6 & 1134.5 as targets. Comment: As long as 1126.7 is resistance, likely decline to 1114.

GOLD Pivot: 1135 Likely scenario: Short positions below 1135 with targets @ 1117 & 1110 in extension. Alternative scenario: Above 1135 look for further upside with 1142.5 & 1148 as targets. Comment: The RSI lacks upward momentum.

GOLD Pivot: 1134 Likely scenario: Long positions above 1134 with targets @ 1148 & 1153 in extension. Alternative scenario: Below 1134 look for further downside with 1125 & 1117 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GOLD Pivot: 1148 Likely scenarios: Long positions above 1148 with targets @ 1173 & 1178 in extension. Alternative scenario: Below 1148 look for further downside with 1142 & 1132 as targets. Comment: The RSI is well directed.

GOLD Pivot: 1112 Likely scenario: Long positions above 1112 with targets @ 1121 & 1127 in extension. Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets. Comment: A support base at 1112 has formed and has allowed for a temporary… Read more

GOLD Pivot: 1108.80 Our preference: Long positions above 1108.80 with targets @ 1127.00 & 1135.00 in extension. Alternative scenario: Below 1108.80 look for further downside with 1101.30 & 1093.70 as targets. Comment: A support base at 1108.80 has formed and has allowed for a temporary… Read more

GOLD Pivot: 1108.80 Likely Scenario: Long positions above 1108.80 with targets @ 1135.00 & 1145.00 in extension. Alternative scenario: Below 1108.80 look for further downside with 1102.00 & 1093.70 as targets. Comment: The RSI is mixed.

GOLD Pivot: 1091.65 Likely Scenario: Long positions above 1091.65 with targets @ 1109.75 & 1115.78 in extension. Alternative scenario: Below 1091.65 look for further downside with 1087.97 & 1083.49 as targets. Comment: The RSI is mixed.

GOLD Pivot: 1082.5 Likely scenario: Long positions above 1082.5 with targets @ 1101 & 1103.5 in extension. Alternative scenario: Below 1082.5 look for further downside with 1080 & 1077.5 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more