XAU Sept 29 Tuesday View

Gold Spot Intraday : The bias remains Bullish

Pivot : 1872.00

Most likely scenario : Long positions above 1872.00 with targets 1895.00 and 1906.00 in extension.

Alternative Scenario : Below 1872.00, look for further downside with 1861.00 and 1848.00 as targets.

Comment : Even though a continuation of the consolidation can not be ruled out, its extent should be limited.

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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.