Gold ST: under pressure.

High Volatility
1698398372047
XAUUSD+0%
2025-01-13 03:12Source:TC

Pivot: 2720.00

Our preference: short positions below 2720.00 with targets at 2540.00 & 2450.00 in extension.

Alternative scenario: above 2720.00 look for further upside with 2790.00 & 2870.00 as targets.

Comment: as long as 2720.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

2870.00 **

2790.00 ***

2720.00 ***

2680.64 Last

2540.00 ***

2450.00 ***

2360.00 ***

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 01-13-2025 at 03:12 UTC+1

Price reference: 2680.64 last known on 01-13-2025 at 03:12 UTC+1

Investment horizon: ST

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