XAU Trading Outlook Archive

  GOLD Pivot: 1086 Likely scenario: Long positions above 1086 with targets @ 1110 & 1119 in extension. Alternative scenario: Below 1086 look for further downside with 1080 & 1073 as targets. Comment: Gold price broke above a declining trend line as well as the… Read more

  GOLD Pivot: 1110 Likely scenario: Short positions below 1110 with targets @ 1087 & 1080 in extension. Alternative scenario: Above 1110 look for further upside with 1119 & 1130 as targets. Comment: As long as 1110 is resistance, likely decline to 1087.  

  GOLD Pivot: 1119 Likely scenario: Short positions below 1119 with targets @ 1087 & 1080 in extension. Alternative scenario: Above 1119 look for further upside with 1130 & 1139 as targets. Comment: As long as 1119 is resistance, look for choppy price action with… Read more

GOLD Pivot: 1130 Likely scenario: Short positions below 1130 with targets @ 1087 & 1080 in extension. Alternative scenario: Above 1130 look for further upside with 1139 & 1146 as targets. Comment: As long as 1130 is resistance, likely decline to 1087.

GOLD Pivot: 1150 Likely scenario: Short positions below 1150 with targets @ 1140 & 1137 in extension. Alternative scenario: Above 1150 look for further upside with 1156 & 1159.5 as targets. Comment: The RSI is mixed.  

GOLD Pivot: 1153.7 Likely scenario: Short positions below 1153.7 with targets @ 1143.9 & 1140 in extension. Alternative scenario: Above 1153.7 look for further upside with 1156 & 1159.5 as targets. Comment: As long as 1153.7 is resistance, likely decline to 1143.9.

GOLD Pivot: 1158 Likely scenario: Short positions below 1158 with targets @ 1150.8 & 1147 in extension. Alternative scenario: Above 1158 look for further upside with 1164.3 & 1167.7 as targets. Comment: As long as 1158 is resistance, likely decline to 1150.8.  

  GOLD Pivot: 1158 Likely scenario: Short positions below 1158 with targets @ 1147 & 1140 in extension. Alternative scenario: Above 1158 look for further upside with 1164.3 & 1167.7 as targets. Comment: Intraday technical indicators are mixed and call for caution.

  Gold spot   Gold spot ST: capped by a negative trend line. Pivot: 1188 Our preference: Short positions below 1188 with targets @ 1143 & 1130 in extension. Alternative scenario: Above 1188 look for further upside with 1205 & 1233 as targets. Comment: The… Read more

GOLD Pivot: 1157 Likely scenario: Long positions above 1157 with targets @ 1170.3 & 1175 in extension. Alternative scenario: Below 1157 look for further downside with 1151.7 & 1147 as targets. Comment: The RSI is mixed to bullish.