XAU 10 Aug Monday

Pivot : 2047.00

Most likely scenario : Short positions below 2047.00 with targets 2015.00 and 2000.00 in extension.

Alternative Scenario : Above 2047.00, look for further upside with 2064.00 and 2075.00 as targets.

Comment : As long as the resistance 2047.00 is not invalidated, the risk of the break below 2015.00 remains high.

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