$XAU potential Sell
$XAU may drop 52.00–72.00 USD
Our Preference:
Short position below 5036 with a target @ 4965 & 4945 within the range.
5100.00 Resistance •••
5068.00 Resistance ••
5036.00 Resistance •
5017.00 Last
5036.00 Pivot
4965.00 Support •
4945.00 Support ••
4900.00 Support •••
Technical explanation:
The potential for an upward movement tends to be limited by resistance at 5036.
Alternative scenario:
Above 5036, the next upward target is 5068 & 5100.