Gold Intraday: consolidation
Aug 5, 2024 9:26 AM
short positions below 2455.00 with targets at 2411.00 & 2397.00 in extension.
Pivot: 2455.00
Our preference: short positions below 2455.00 with targets at 2411.00 & 2397.00 in extension.
Alternative scenario: above 2455.00 look for further upside with 2474.00 & 2490.00 as targets.
Comment: as long as the resistance at 2455.00 is not surpassed, the risk of the break below 2411.00 remains high.
Supports and resistances:
2490.00
2474.00
2455.00
2423.30 Last
2411.00
2397.00
2380.00
Our preference: short positions below 2455.00 with targets at 2411.00 & 2397.00 in extension.
Alternative scenario: above 2455.00 look for further upside with 2474.00 & 2490.00 as targets.
Comment: as long as the resistance at 2455.00 is not surpassed, the risk of the break below 2411.00 remains high.
Supports and resistances:
2490.00
2474.00
2455.00
2423.30 Last
2411.00
2397.00
2380.00
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