Gold may fall to 2150.00 - 2230.00

Pivot

2390.00

Our preference

Short positions below 2390.00 with targets at 2230.00 & 2150.00 in extension.

Alternative scenario

Above 2390.00 look for further upside with 2450.00 & 2510.00 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

2510.00 **

2450.00 ***

2390.00 ***

2287.00 Last

2230.00 ***

2150.00 ***

2075.00 ***

Number of asterisks represents the strength of support and resistance levels.