XAU Aug 21 View

 Gold Spot Intraday : Consolidation in place

Pivot : 1956.00

Most likely scenario : Short positions below 1956.00 with targets 1925.00 and 1916.00 in extension.

Alternative Scenario : Above 1956.00, look for further upside with 1970.00 and 1980.00 as targets.

Comment : As long as 1956 is resistance, look for choppy price action with Bearish Bias.

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