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Gold Intraday: under pressure
Jul 22, 2024 1:52 PM
short positions below 2412.00 with targets at 2378.00 & 2370.00 in extension.
Pivot: 2412.00
Our preference: short positions below 2412.00 with targets at 2378.00 & 2370.00 in extension.
Alternative scenario: above 2412.00 look for further upside with 2425.00 & 2434.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2434.00
2425.00
2412.00
2392.50 Last
2378.00
2370.00
2362.00
Our preference: short positions below 2412.00 with targets at 2378.00 & 2370.00 in extension.
Alternative scenario: above 2412.00 look for further upside with 2425.00 & 2434.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2434.00
2425.00
2412.00
2392.50 Last
2378.00
2370.00
2362.00
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Gold
4352.97
-24.36
-55.70%