XAU 03 Sept View

 Gold Spot Intraday : Key Resistance @ 1946

Pivot : 1946.00

Most likely scenario : Short positions below 1946.00 with targets 1922.00 and 1910.00 in extension.

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

Comment : As long as 1946 resistance holds, 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.