Gold Intraday: bullish bias above 2430.00
Aug 1, 2024 2:55 AM
long positions above 2430.00 with targets at 2458.00 & 2473.00 in extension.
Pivot: 2430.00
Our preference: long positions above 2430.00 with targets at 2458.00 & 2473.00 in extension.
Alternative scenario: below 2430.00 look for further downside with 2412.00 & 2395.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2483.00
2473.00
2458.00
2449.33 Last
2430.00
2412.00
2395.00
Our preference: long positions above 2430.00 with targets at 2458.00 & 2473.00 in extension.
Alternative scenario: below 2430.00 look for further downside with 2412.00 & 2395.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2483.00
2473.00
2458.00
2449.33 Last
2430.00
2412.00
2395.00
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