| Trade Idea GOLD (Spot) intraday: the downside prevails. |
Pivot: 1583.00
Our Preference: SHORT positions below 1583 with 1571 & 1565 in sight. Alternative scenario: The upside breakout of 1583 will open the way to 1587 & 1600. Comment: as long as 1583 is resistance, look for choppy price action with a bearish bias. |
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Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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