Gold Intraday: consolidation in place
Jun 18, 2024 9:23 AM
short positions below 2325.00 with targets at 2304.00 & 2295.00 in extension.
Pivot: 2325.00
Our preference: short positions below 2325.00 with targets at 2304.00 & 2295.00 in extension.
Alternative scenario: above 2325.00 look for further upside with 2335.00 & 2341.00 as targets.
Comment: as long as 2325.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2341.00
2335.00
2325.00
2311.90 Last
2304.00
2295.00
2280.00
Our preference: short positions below 2325.00 with targets at 2304.00 & 2295.00 in extension.
Alternative scenario: above 2325.00 look for further upside with 2335.00 & 2341.00 as targets.
Comment: as long as 2325.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2341.00
2335.00
2325.00
2311.90 Last
2304.00
2295.00
2280.00
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