Gold Intraday: further advance
May 20, 2024 3:55 AM
long positions above 2412.00 with targets at 2440.00 & 2460.00 in extension.
Pivot: 2412.00
Our preference: long positions above 2412.00 with targets at 2440.00 & 2460.00 in extension.
Alternative scenario: below 2412.00 look for further downside with 2395.00 & 2385.00 as targets.
Comment: the next resistances are at 2440.00 and then at 2460.00.
Supports and resistances:
2480.00
2460.00
2440.00
2433.06 Last
2412.00
2395.00
2385.00
Our preference: long positions above 2412.00 with targets at 2440.00 & 2460.00 in extension.
Alternative scenario: below 2412.00 look for further downside with 2395.00 & 2385.00 as targets.
Comment: the next resistances are at 2440.00 and then at 2460.00.
Supports and resistances:
2480.00
2460.00
2440.00
2433.06 Last
2412.00
2395.00
2385.00
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