Gold Short Term: further advance
May 22, 2024 12:23 AM
long positions above 2330.00 with targets at 2510.00 & 2580.00 in extension.
Pivot: 2330.00
Our preference: long positions above 2330.00 with targets at 2510.00 & 2580.00 in extension.
Alternative scenario: below 2330.00 look for further downside with 2280.00 & 2230.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2625.00 **
2580.00 ***
2510.00 ***
2422.00 Last
2330.00 ***
2280.00 ***
2230.00 ***
Our preference: long positions above 2330.00 with targets at 2510.00 & 2580.00 in extension.
Alternative scenario: below 2330.00 look for further downside with 2280.00 & 2230.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2625.00 **
2580.00 ***
2510.00 ***
2422.00 Last
2330.00 ***
2280.00 ***
2230.00 ***
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