Pivot: 1370.00
Our preference: SHORT positions below 1370 with 1335 1322 as next targets.
Alternative scenario: The upside breakout of 1370 will open the way to 1393 1407.
Comment: gold prices are capped by a negative trend line.
Trend: ST Bearish; MT Bearish
Key levels Comment
1407** Intraday resistance
1393** Fib retracement (50.0%)
1370** Intraday pivot point
1352.5 Last
1335** Intraday support
1322*** Previous low
1310* Intraday support
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