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Gold Intraday: under pressure
Aug 6, 2024 1:17 PM
short positions below 2417.00 with targets at 2384.00 & 2365.00 in extension.
Pivot: 2417.00
Our preference: short positions below 2417.00 with targets at 2384.00 & 2365.00 in extension.
Alternative scenario: above 2417.00 look for further upside with 2442.00 & 2455.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2455.00
2442.00
2417.00
2393.70 Last
2384.00
2365.00
2353.00
Our preference: short positions below 2417.00 with targets at 2384.00 & 2365.00 in extension.
Alternative scenario: above 2417.00 look for further upside with 2442.00 & 2455.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2455.00
2442.00
2417.00
2393.70 Last
2384.00
2365.00
2353.00
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Gold
4346.6
-30.73
-70.20%