Gold Daily Trading: resistance level at 1709
Fulcrum: 1709.00
Preferred scenario: Short positions below 1709.00, with targets at 1685.00 and 1670.00.
Alternative scenario: above 1709.00, targeting 1723.00 and 1732.00 as targets.
Commentary: As long as the resistance at 1709.00 is not breached, the bearish trend will prevail, targeting 1685.00
Preferred scenario: Short positions below 1709.00, with targets at 1685.00 and 1670.00.
Alternative scenario: above 1709.00, targeting 1723.00 and 1732.00 as targets.
Commentary: As long as the resistance at 1709.00 is not breached, the bearish trend will prevail, targeting 1685.00