XAU Aug 12 Wednesday Update

Gold Spot Intraday : Bullish bias above 1900.00

Pivot : 1900.00

Most likely scenario : Long positions above 1900.00 with targets 1970.00 and 1995.00 in extension.

Alternative Scenario : Below 2028.00, look for further downside with 1863.00 and 1840.00 as targets.

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

#tradewithramesh

Can you see the breakout Setup?