XAU 05 Aug Intraday

Pivot : 2007.00

Most likely scenario : Long positions above 2007.00 with targets 2031.00 and 2042.00 in extension.

Alternative scenario : Below 2007.00, look for further downside with 2000.00 and 1993.00 as targets.

Comment : The RSI is bullish and calls for further upside.

#tradewithramesh