Gold prices fell on Monday as signs of renewed economic activity in Europe stimulated demand for risky assets and weakened interest in 'safe havens'.
GOLD/USD, 30 min
Pivot: 1733.00
Analysis:
Provided that the price is above 1725.00, please follow these recommendations:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1733.00
- Take Profit 1: 1742.00
- Take Profit 2: 172.00
Alternative scenario:
In case of breakdown of the level 1725.00 and the consolidation of the price above this level, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1725.00
- Take Profit 1: 1721.00
- Take Profit 2: 1715.00
Comment:
RSI shows the possibility of an uptrend.
Key levels:
| Resistance | Support |
| 1754.00 | 1725.00 |
| 1748.00 | 1721.00 |
| 1742.00 | 1715.00 |
GOLD/USD, D1
Pivot: 1726.00
Analysis:
As long as the price is above 1680.00, please follow these recommendations:
- Time frame: D1
- Recommendation: long position
- Entry point: 1726.00
- Take Profit 1: 1790.00
- Take Profit 2: 1835.00
Alternative scenario:
In case of breakdown of the level 1680.00 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1680.00
- Take Profit 1: 1645.00
- Take Profit 2: 1610.00
Comment:
RSI shows an upward trend in the medium term.
Key levels:
| Resistance | Support |
| 1885.00 | 1680.00 |
| 1835.00 | 1645.00 |
| 1790.00 | 1610.00 |
