XAU/USD may fall 37.00 - 57.00 USD

Our preference

Short positions below 5035 with targets at 4985 & 4965 in extension.

5,100.000 Resistance ...

5,070.000 Resistance..

5,035.000 Resistance.

5,022.000 Last

5,035.000 Pivot

4,985.000 Support.

4,965.000 Support..

4,945.000 Support...

The index currently faces a challenging resistance area at 5035.

Alternative scenario

Above 5035 look for further upside with 5070 & 5100 as targets.

$XAU

XAU
XAUUSDT
4,507.25
-2.92%

#GOLD_UPDATE