XAU 24 Aug View

Gold Spot Intraday : The downside prevails

Pivot : 1946.00

Most likely scenario : Short positions below 1946.00 with targets 1921.00 and 1911.00 in extension.

Alternative Scenario : Above 1946.00, look for further upside with 1956.00 and 1967.00 as targets.

Comment : The RSI advocates for further downside.

#tradewithramesh

Please note that due to market volatility, some of the above sight prices may have already been reached and scenarios played out. Trade in your own discretion.