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GOLD BUY NOW 2417 SL 2407
TP 2422/2426/2430

Intraday: intraday support around 2395.00.

XAU/USD may rise 10.11 23.11 USD

Our preference

Long positions above 2395.00 with targets at 2417.00 & 2430.00 in extension.

2445.00 Resistance
2430.00 Resistance..
2417.00 Resistance.

2406.89 Last
2395.00 Pivot

2395.00 Support.
2384.00 Support..
2375.00 Support...

Comment

The next resistances are at 2417.00 and then at 2430.00.

Alternative scenario

Below 2395.00 look for further downside with 2384.00 & 2375.00 as targets.
GOLD BUY NOW 2442 SL 2331
TP 2446/2450/2454/2460

Intraday: bullish bias above 2430.00.

XAU/USD may rise 8.67 23.67 USD

Our preference

Long positions above 2430.00 with targets at 2458.00 & 2473.00 in extension.

2483.00 Resistance
2473.00 Resistance..
2458.00 Resistance.

2449.33 Last
2430.00 Pivot

2430.00 Support.
2412.00 Support..
2395.00 Support...

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Alternative scenario

Below 2430.00 look for further downside with 2412.00 & 2395.00 as targets.
GOLD SELL NOW 24450
SL 2460
TP 2442/2436/2430

Intraday: key resistance at 2456.00.

XAU/USD may fall 29.54-43.54 USD

Our preference

Short positions below 2456.00 with targets at 2411.00 & 2397.00 in extension.

2490.00 Resistance
2474.00 Resistance..
2456.00 Resistance.

2440.54 Last
2456.00 Pivot

2411.00 Support.
2397.00 Support..
2383.00 Support

Comment

As long as 2456.00 is resistance, look for choppy price action with a bearish bias.

Alternative scenario

Above 2456.00 look for further upside with 2474.00 & 2490.00 as targets.
GOLD SELL NOW 2412 SL 2421
TP 2408/2404/2400/2390

Intraday: key resistance at 2421.00.

XAU/USD may fall 24.0038.00 USD

Our preference

Short positions below 2421.00 with targets at 2384.00 & 2370.00 in extension.

2455.00 Resistance
2442.00 Resistance..
2421.00 Resistance.

2408.00 Last
2421.00 Pivot

2384.00 Support.
2370.00 Support..
2353.00 Support

Comment

As long as 2421.00 is resistance, expect a return to 2384.00.

Alternative scenario

Above 2421.00 look for further upside with 2442.00 & 2455.00 as targets.
GOLD SELL NOW 2387 SL 2399
TP 2383/2378/2372
Intraday: watch 2365.00.

XAU/USD may fall 19.00-32.00 USD

Our preference

Short positions below 2402.00 with targets at 2365.00 & 2352.00 in extension.

2431.00 Resistance...
2417.00 Resistance..
2402.00 Resistance.

2384.00 Last
2402.00 Pivot

2365.00 Support.
2352.00 Support..
2339.00 Support...

Comment

The RSI calls for a drop.

Alternative scenario

Above 2402.00 look for further upside with 2417.00 & 2431.00 as targets.
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GOLD BUY NOW 2420 SL 2410
TP 2424/2428/2432/2440

Intraday: further upside.

XAU/USD may rise 9.38 19.38 USD

Our preference

Long positions above 2412.00 with targets at 2435.00 & 2445.00 in extension.

2458.00 Resistance
2445.00 Resistance..
2435.00 Resistance.

2425.62 Last
2412.00 Pivot

2412.00 Support.
2402.00 Support..
2393.00 Support

Comment

The RSI is mixed with a bullish bias.

Alternative scenario

Below 2412.00 look for further downside with 2402.00 & 2393.00 as targets.
GOLD BUY NOW 2426 SL 2417
TP 2430/2435/2440
Intraday: Bias remains bullish.

XAU/USD May Rally 10.54-18.54 USD

Our Preference

Long above 2417.00 with targets at 2437.00 and 2445.00 as an extension.

2455.00 Resistance
2445.00 Resistance..
2437.00 Resistance.

2426.46 Last
2417.00 Pivot

2417.00 Support.
2408.00 Support..
2402.00 Support

Commentary

While a continuation of the consolidation cannot be ruled out, its extension should be limited.

Alternative Scenario

Below 2417.00, look for further downside with 2408.00 and 2402.00 as targets.
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GOLD SELL NOW 2460/ SL 2471
TP 2455/2450/2445/2440

Intraday: expect 2445.00.

XAU/USD may fall 16.00-27.00 USD

Our preference

Short positions below 2472.00 with targets at 2445.00 & 2434.00 in extension.

2485.00 Resistance
2477.00 Resistance
2472.00 Resistance.

2461.00 Last
2472.00 Pivot

2445.00 Support.
2434.00 Support..
2423.00 Support...

Comment

As long as 2472.00 is resistance, expect a return to 2445.00.

Alternative scenario

Above 2472.00 look for further upside with 2477.00 & 2485.00 as targets.
GOLD SELL NOW 2454 SL 2466
TP 2450/2445/2440/2435/

Intraday: key resistance at 2458.00.

XAU/USD may fall 15.1828.18 USD

Our preference

Short positions below 2458.00 with targets at 2437.00 & 2424.00 in extension.

2477.00 Resistance...
2465.00 Resistance..
2458.00 Resistance.

2452.18 Last
2458.00 Pivot

2437.00 Support.
2424.00 Support..
2407.00 Support...

Comment

The index currently faces a challenging resistance area at 2458.00.

Alternative scenario

Above 2458.00 look for further upside with 2465.00 & 2477.00 as targets.
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GOLD BUY NOW 2499/2496
Sl 2486
TP 2504/2510/2515/2525

Intraday: 2531.00 in sight.

XAU/USD may rise 11.96 27.96 USD

Our preference

Long positions above 2486.00 with targets at 2515.00 & 2531.00 in extension.

2540.00 Resistance...
2531.00 Resistance
2515.00 Resistance.

2503.04 Last
2486.00 Pivot

2486.00 Support.
2478.00 Support..
2470.00 Support

Comment The RSI calls for a new upleg.

Alternative scenario

Below 2486.00 look for further downside with 2478.00 & 2470.00 as targets.
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GOLD BUY NOW 2514 /2512. SL 2500
TP 2518/2524/2530/2540/2550
Intraday: intraday support around 2500.00.

XAU/USD may rise 17.62-33.62 USD

Our preference

Long positions above 2500.00 with targets at 2530.00 & 2546.00 in extension.

2558.00 Resistance...
2546.00 Resistance..
2530.00 Resistance.

2512.38 Last
2500.00 Pivot

2500.00 Support.
2486.00 Support..
2475.00 Support...

Comment

The RSI calls for a bounce.

Alternative scenario

Below 2500.00 look for further downside with 2486.00 & 2475.00 as targets.