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Gold Intraday: the upside prevails
Jul 8, 2024 2:22 PM
long positions above 2367.00 with targets at 2385.00 & 2392.00 in extension.
Pivot: 2367.00
Our preference: long positions above 2367.00 with targets at 2385.00 & 2392.00 in extension.
Alternative scenario: below 2367.00 look for further downside with 2353.00 & 2342.00 as targets.
Comment: the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
2401.00
2392.00
2385.00
2376.40 Last
2367.00
2353.00
2342.00
Our preference: long positions above 2367.00 with targets at 2385.00 & 2392.00 in extension.
Alternative scenario: below 2367.00 look for further downside with 2353.00 & 2342.00 as targets.
Comment: the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
2401.00
2392.00
2385.00
2376.40 Last
2367.00
2353.00
2342.00
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Gold
4351.55
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