XAU/USD may rise 49.00 - 109.00 USD
Our preference
Long positions above 4980 with targets at 5085 & 5145 in extension.
5,230.000 Resistance
5,145.000 Resistance..
5,085.000 Resistance.
5,036.000 Last
4,980.000 Pivot
4,980.000 Support.
4,905.000 Support..
4,835.000 Support...
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Alternative scenario
Below 4980 look for further downside with 4905 & 4835 as targets.
XAUUSDT
Perp
5,037.49
+0.05%