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Gold Intraday: bullish bias above 2316.00
Jun 17, 2024 1:50 AM
long positions above 2316.00 with targets at 2340.00 & 2354.00 in extension.
Pivot: 2316.00
Our preference: long positions above 2316.00 with targets at 2340.00 & 2354.00 in extension.
Alternative scenario: below 2316.00 look for further downside with 2307.00 & 2295.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2370.00
2354.00
2340.00
2326.35 Last
2316.00
2307.00
2295.00
Our preference: long positions above 2316.00 with targets at 2340.00 & 2354.00 in extension.
Alternative scenario: below 2316.00 look for further downside with 2307.00 & 2295.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2370.00
2354.00
2340.00
2326.35 Last
2316.00
2307.00
2295.00
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