Gold Intraday: key resistance at 2386.00
May 17, 2024 9:25 AM
short positions below 2386.00 with targets at 2372.00 & 2365.00 in extension.
Pivot: 2386.00
Our preference: short positions below 2386.00 with targets at 2372.00 & 2365.00 in extension.
Alternative scenario: above 2386.00 look for further upside with 2395.00 & 2401.00 as targets.
Comment: as long as 2386.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2401.00
2395.00
2386.00
2374.00 Last
2372.00
2365.00
2354.00
Our preference: short positions below 2386.00 with targets at 2372.00 & 2365.00 in extension.
Alternative scenario: above 2386.00 look for further upside with 2395.00 & 2401.00 as targets.
Comment: as long as 2386.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2401.00
2395.00
2386.00
2374.00 Last
2372.00
2365.00
2354.00
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