Xau-usd short sell intraday because there is trend reversal
Short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Pivot: 1261.00
Our preference: short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Alternative scenario: above 1261.00 look for further upside with 1264.00 & 1267.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1261.00.
Supports and resistances:
1267.00
1264.00
1261.00
1257.80 Last
1254.00
1252.00
1249.00
Pivot: 1261.00
Our preference: short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Alternative scenario: above 1261.00 look for further upside with 1264.00 & 1267.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1261.00.
Supports and resistances:
1267.00
1264.00
1261.00
1257.80 Last
1254.00
1252.00
1249.00