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Gold Intraday: supported by a rising trend line
Jul 16, 2024 11:12 AM
long positions above 2430.00 with targets at 2446.00 & 2460.00 in extension.
Pivot: 2430.00
Our preference: long positions above 2430.00 with targets at 2446.00 & 2460.00 in extension.
Alternative scenario: below 2430.00 look for further downside with 2420.00 & 2411.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2480.00
2460.00
2446.00
2440.02 Last
2430.00
2420.00
2411.00
Our preference: long positions above 2430.00 with targets at 2446.00 & 2460.00 in extension.
Alternative scenario: below 2430.00 look for further downside with 2420.00 & 2411.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2480.00
2460.00
2446.00
2440.02 Last
2430.00
2420.00
2411.00
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Gold
4352.54
-24.79
-56.60%