Gold Intraday: consolidation in place.

Limited Decrease
l
1698398372047
XAUUSD+0%
2022-07-14 07:08Source:TC

Pivot: 1736.00

Our preference: short positions below 1736.00 with targets at 1720.00 & 1713.00 in extension.

Alternative scenario: above 1736.00 look for further upside with 1745.00 & 1752.00 as targets.

Comment: as long as 1736.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1752.00

1745.00

1736.00

1728.00 Last

1720.00

1713.00

1707.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-14-2022 at 07:08 UTC+1

Price reference: 1728.00 last known on 07-14-2022 at 07:08 UTC+1

Investment horizon: INTRADAY

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