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Gold Intraday: the downside prevails
Aug 5, 2024 11:09 AM
short positions below 2428.00 with targets at 2384.00 & 2370.00 in extension.
Pivot: 2428.00
Our preference: short positions below 2428.00 with targets at 2384.00 & 2370.00 in extension.
Alternative scenario: above 2428.00 look for further upside with 2442.00 & 2455.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2455.00
2442.00
2428.00
2404.29 Last
2384.00
2370.00
2353.00
Our preference: short positions below 2428.00 with targets at 2384.00 & 2370.00 in extension.
Alternative scenario: above 2428.00 look for further upside with 2442.00 & 2455.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2455.00
2442.00
2428.00
2404.29 Last
2384.00
2370.00
2353.00
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Gold
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