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Gold Intraday: the downside prevails
May 21, 2024 9:19 AM
short positions below 2432.00 with targets at 2395.00 & 2381.00 in extension.
Pivot: 2432.00
Our preference: short positions below 2432.00 with targets at 2395.00 & 2381.00 in extension.
Alternative scenario: above 2432.00 look for further upside with 2450.00 & 2460.00 as targets.
Comment: as long as 2432.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2460.00
2450.00
2432.00
2419.62 Last
2395.00
2381.00
2371.00
Our preference: short positions below 2432.00 with targets at 2395.00 & 2381.00 in extension.
Alternative scenario: above 2432.00 look for further upside with 2450.00 & 2460.00 as targets.
Comment: as long as 2432.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2460.00
2450.00
2432.00
2419.62 Last
2395.00
2381.00
2371.00
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Gold
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