GOLD (Spot) intraday: the downside prevails.
Pivot: 1790.00 Our Preference: SHORT positions below 1790 with targets @ 1745 & 1730. Alternative scenario: The upside breakout of 1790 will open the way to 1805 & 1822. Comment: a bearish flag pattern is confirmed. Eye a new down leg towards 1730. Trend: ST Consolidation; MT Bullish Key levels Comment 1822** Intraday resistance 1805** Intraday resistance 1790** Intraday pivot point 1771 Last 1745** Intraday support 1730** Intraday support 1700** Intraday support |
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