XAU 25 Aug Tuesday View

 Gold Spot Intraday : Choppy Movements

Pivot : 1942.00

Most likely scenario : Short positions below 1942.00 with targets 1923.00 and 1911.00 in extension.

Alternative Scenario : Above 1942.00, look for further upside with 1954.00 and 1962.00 as targets.

Comment : As long as 1942 is resistance, look out for choppy price action with Bearish Bias.

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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.