XAU 12 Aug Wednesday

 Pivot : 1908.00

Most likely scenario : Short positions below 1908.00 with targets 1860.00 and 1840.00 in extension.

Alternative Scenario : Above 1908.00, look for further upside with 1929.00 and 1951.00 as targets.

Comment : The RSI is bearish and calls for further decline.

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