Gold Intraday: under pressure
Jul 17, 2024 11:46 PM
short positions below 2472.00 with targets at 2444.00 & 2430.00 in extension.
Pivot: 2472.00
Our preference: short positions below 2472.00 with targets at 2444.00 & 2430.00 in extension.
Alternative scenario: above 2472.00 look for further upside with 2483.00 & 2500.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
2500.00
2483.00
2472.00
2461.00 Last
2444.00
2430.00
2420.00
Our preference: short positions below 2472.00 with targets at 2444.00 & 2430.00 in extension.
Alternative scenario: above 2472.00 look for further upside with 2483.00 & 2500.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
2500.00
2483.00
2472.00
2461.00 Last
2444.00
2430.00
2420.00
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