XAU/USD may fall 29.00 - 44.00 USD
Our preference
Short positions below 4807 with targets at 4755 & 4740 in extension.
4,853.000 Resistance..…
4,833.000 Resistance..
4,807.000 Resistance
4,784.000 Last
Pivot
4,755.000 Support .
4,740.000 Support..
4,725.000 Support...
Comment
The RSI is bearish and calls for further downside.
Alternative scenario
Above 4807 look for further upside with 4833 & 4853 as targets.
XAUUSDT
Perp.
4,703.89
-0.88%