Gold Intraday: consolidation in place.

Limited Decrease
l
1698398372047
XAUUSD+0%
2022-03-09 11:00Source:TC

Pivot: 2041.00

Our preference: short positions below 2041.00 with targets at 2000.00 & 1981.00 in extension.

Alternative scenario: above 2041.00 look for further upside with 2057.00 & 2070.00 as targets.

Comment: the break below 2041.00 is a negative signal that has opened a path to 2000.00.

Supports and resistances:

2070.00

2057.00

2041.00

2019.00 Last

2000.00

1981.00

1961.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 03-09-2022 at 11:00 UTC+1

Price reference: 2019.00 last known on 03-09-2022 at 11:00 UTC+1

Investment horizon: INTRADAY

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