Gold Intraday: key resistance at 1728.00.

Limited Decrease
l
2022-07-27 08:34Source:TC

Pivot: 1728.00

Our preference: short positions below 1728.00 with targets at 1709.00 & 1702.00 in extension.

Alternative scenario: above 1728.00 look for further upside with 1735.00 & 1742.00 as targets.

Comment: as long as 1728.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1742.00

1735.00

1728.00

1719.00 Last

1709.00

1702.00

1696.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-27-2022 at 08:34 UTC+1

Price reference: 1719.00 last known on 07-27-2022 at 08:34 UTC+1

Investment horizon: INTRADAY

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