XAUUSD Daily Chart : Consolidation
Pivot: 1225.00
Preference: short positions below 1225.00 with targets at 1190.00 & 1180.00 in extension.
Alternative scenario: above 1225.00 look for further upside with 1245.00 & 1264.00 as targets.
Comment: technically the RSI is below its neutrality area at 50. Stochastic oversold area.
Supports and resistances:
1264.00 **
1245.00 **
1225.00 ***
1207.20 Last
1190.00 ***
1180.00 **
1150.00 **
Preference: short positions below 1225.00 with targets at 1190.00 & 1180.00 in extension.
Alternative scenario: above 1225.00 look for further upside with 1245.00 & 1264.00 as targets.
Comment: technically the RSI is below its neutrality area at 50. Stochastic oversold area.
Supports and resistances:
1264.00 **
1245.00 **
1225.00 ***
1207.20 Last
1190.00 ***
1180.00 **
1150.00 **
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