Gold Intraday: bullish bias above 2412.00
Aug 9, 2024 7:04 AM
long positions above 2412.00 with targets at 2428.00 & 2435.00 in extension.
Pivot: 2412.00
Our preference: long positions above 2412.00 with targets at 2428.00 & 2435.00 in extension.
Alternative scenario: below 2412.00 look for further downside with 2402.00 & 2393.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2445.00
2435.00
2428.00
2420.57 Last
2412.00
2402.00
2393.00
Our preference: long positions above 2412.00 with targets at 2428.00 & 2435.00 in extension.
Alternative scenario: below 2412.00 look for further downside with 2402.00 & 2393.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2445.00
2435.00
2428.00
2420.57 Last
2412.00
2402.00
2393.00
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