Gold Intraday: key resistance at 2421.00
Aug 5, 2024 3:24 PM
short positions below 2421.00 with targets at 2384.00 & 2370.00 in extension.
Pivot: 2421.00
Our preference: short positions below 2421.00 with targets at 2384.00 & 2370.00 in extension.
Alternative scenario: above 2421.00 look for further upside with 2442.00 & 2455.00 as targets.
Comment: the index currently faces a challenging resistance area at 2421.00.
Supports and resistances:
2455.00
2442.00
2421.00
2410.50 Last
2384.00
2370.00
2353.00
Our preference: short positions below 2421.00 with targets at 2384.00 & 2370.00 in extension.
Alternative scenario: above 2421.00 look for further upside with 2442.00 & 2455.00 as targets.
Comment: the index currently faces a challenging resistance area at 2421.00.
Supports and resistances:
2455.00
2442.00
2421.00
2410.50 Last
2384.00
2370.00
2353.00
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