XAU/USD may fall 106.00 - 231.00 USD

Our preference

Short positions below 5020 with targets at 4745 & 4620 in extension.

5,240.000 Resistance...

5,090.000 Resistance..

5,020.000 Resistance

4,851.000 Last

5,020.000

Pivot

4,745.000 Support.

4,620.000 Support..

4,480.000 Support...

The RSI is bearish and calls for further downside.

Alternative scenario

Above 5020 look for further upside with 5090 & 5240 as targets.

$XAU

XAU
XAUUSDT
4,980.94
-1.50%

#GoldSilverRebound