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Gold Short Term: choppy
Aug 7, 2024 1:27 AM
long positions above 2350.00 with targets at 2480.00 & 2530.00 in extension.
Pivot: 2350.00
Our preference: long positions above 2350.00 with targets at 2480.00 & 2530.00 in extension.
Alternative scenario: below 2350.00 look for further downside with 2280.00 & 2230.00 as targets.
Comment: the RSI lacks momentum.
Supports and resistances:
2625.00 **
2530.00 ***
2480.00 ***
2385.89 Last
2350.00 ***
2280.00 ***
2230.00 ***
Our preference: long positions above 2350.00 with targets at 2480.00 & 2530.00 in extension.
Alternative scenario: below 2350.00 look for further downside with 2280.00 & 2230.00 as targets.
Comment: the RSI lacks momentum.
Supports and resistances:
2625.00 **
2530.00 ***
2480.00 ***
2385.89 Last
2350.00 ***
2280.00 ***
2230.00 ***
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Gold
4346.6
-30.73
-70.20%