Gold Intraday: bullish bias above 2380.00
May 17, 2024 11:15 AM
long positions above 2380.00 with targets at 2395.00 & 2401.00 in extension.
Pivot: 2380.00
Our preference: long positions above 2380.00 with targets at 2395.00 & 2401.00 in extension.
Alternative scenario: below 2380.00 look for further downside with 2372.00 & 2365.00 as targets.
Comment: the break above 2380.00 is a positive signal that has opened a path to 2395.00.
Supports and resistances:
2410.00
2401.00
2395.00
2386.92 Last
2380.00
2372.00
2365.00
Our preference: long positions above 2380.00 with targets at 2395.00 & 2401.00 in extension.
Alternative scenario: below 2380.00 look for further downside with 2372.00 & 2365.00 as targets.
Comment: the break above 2380.00 is a positive signal that has opened a path to 2395.00.
Supports and resistances:
2410.00
2401.00
2395.00
2386.92 Last
2380.00
2372.00
2365.00
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