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Gold Intraday: under pressure
Jul 22, 2024 9:50 AM
short positions below 2416.00 with targets at 2394.00 & 2386.00 in extension.
Pivot: 2416.00
Our preference: short positions below 2416.00 with targets at 2394.00 & 2386.00 in extension.
Alternative scenario: above 2416.00 look for further upside with 2425.00 & 2434.00 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
2434.00
2425.00
2416.00
2401.19 Last
2394.00
2386.00
2378.00
Our preference: short positions below 2416.00 with targets at 2394.00 & 2386.00 in extension.
Alternative scenario: above 2416.00 look for further upside with 2425.00 & 2434.00 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
2434.00
2425.00
2416.00
2401.19 Last
2394.00
2386.00
2378.00
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Gold
4352.96
-24.37
-55.70%