XAUUSD

reversal point is at 1123.

Our preference: SELL below 1123 points to the target in 1098 and 1088.

Alternative scenario: The upside breakout level 1123 will pave the way to 1132.5 and 1138.

Analysis: While 1123 is still resistance may decrease to 1,098.

Support and resistance levels:
1138
1132.5
1123
The closing price of 1109.44
1098
1088
1080