XAUUSD may rise to 2012.00 - 2019.00

Pivot

1998.00

Our preference

Long positions above 1998.00 with targets at 2012.00 & 2019.00 in extension.

Alternative scenario

Below 1998.00 look for further downside with 1993.00 & 1989.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

2029.00

2019.00

2012.00

2005.19 Last

1998.00

1993.00

1989.00

Number of asterisks represents the strength of support and resistance levels.
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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