Gold Intraday: under pressure
May 21, 2024 1:55 AM
short positions below 2438.00 with targets at 2414.00 & 2406.00 in extension.
Pivot: 2438.00
Our preference: short positions below 2438.00 with targets at 2414.00 & 2406.00 in extension.
Alternative scenario: above 2438.00 look for further upside with 2450.00 & 2460.00 as targets.
Comment: the index currently faces a challenging resistance area at 2438.00.
Supports and resistances:
2460.00
2450.00
2438.00
2430.62 Last
2414.00
2406.00
2395.00
Our preference: short positions below 2438.00 with targets at 2414.00 & 2406.00 in extension.
Alternative scenario: above 2438.00 look for further upside with 2450.00 & 2460.00 as targets.
Comment: the index currently faces a challenging resistance area at 2438.00.
Supports and resistances:
2460.00
2450.00
2438.00
2430.62 Last
2414.00
2406.00
2395.00
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