Gold Intraday: the bias remains bullish
Aug 13, 2024 2:55 AM
long positions above 2454.00 with targets at 2477.00 & 2485.00 in extension.
Pivot: 2454.00
Our preference: long positions above 2454.00 with targets at 2477.00 & 2485.00 in extension.
Alternative scenario: below 2454.00 look for further downside with 2445.00 & 2434.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2500.00
2485.00
2477.00
2464.00 Last
2454.00
2445.00
2434.00
Our preference: long positions above 2454.00 with targets at 2477.00 & 2485.00 in extension.
Alternative scenario: below 2454.00 look for further downside with 2445.00 & 2434.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2500.00
2485.00
2477.00
2464.00 Last
2454.00
2445.00
2434.00
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