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Gold Intraday: the downside prevails
Jul 25, 2024 6:56 AM
short positions below 2389.00 with targets at 2360.00 & 2350.00 in extension.
Pivot: 2389.00
Our preference: short positions below 2389.00 with targets at 2360.00 & 2350.00 in extension.
Alternative scenario: above 2389.00 look for further upside with 2401.00 & 2410.00 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
2410.00
2401.00
2389.00
2374.25 Last
2360.00
2350.00
2340.00
Our preference: short positions below 2389.00 with targets at 2360.00 & 2350.00 in extension.
Alternative scenario: above 2389.00 look for further upside with 2401.00 & 2410.00 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
2410.00
2401.00
2389.00
2374.25 Last
2360.00
2350.00
2340.00
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Gold
4363.01
-14.32
-32.70%