Gold Intraday: key resistance at 2456.00
Aug 4, 2024 11:47 PM
short positions below 2456.00 with targets at 2423.00 & 2411.00 in extension.
Pivot: 2456.00
Our preference: short positions below 2456.00 with targets at 2423.00 & 2411.00 in extension.
Alternative scenario: above 2456.00 look for further upside with 2474.00 & 2490.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
2490.00
2474.00
2456.00
2444.00 Last
2423.00
2411.00
2383.00
Our preference: short positions below 2456.00 with targets at 2423.00 & 2411.00 in extension.
Alternative scenario: above 2456.00 look for further upside with 2474.00 & 2490.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
2490.00
2474.00
2456.00
2444.00 Last
2423.00
2411.00
2383.00
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