Gold Intraday: the bias remains bullish
Aug 12, 2024 2:56 AM
long positions above 2417.00 with targets at 2437.00 & 2445.00 in extension.
Pivot: 2417.00
Our preference: long positions above 2417.00 with targets at 2437.00 & 2445.00 in extension.
Alternative scenario: below 2417.00 look for further downside with 2408.00 & 2402.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2455.00
2445.00
2437.00
2426.46 Last
2417.00
2408.00
2402.00
Our preference: long positions above 2417.00 with targets at 2437.00 & 2445.00 in extension.
Alternative scenario: below 2417.00 look for further downside with 2408.00 & 2402.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2455.00
2445.00
2437.00
2426.46 Last
2417.00
2408.00
2402.00
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