Gold Intraday: under pressure
Aug 15, 2024 1:40 AM
short positions below 2458.00 with targets at 2437.00 & 2424.00 in extension.
Pivot: 2458.00
Our preference: short positions below 2458.00 with targets at 2437.00 & 2424.00 in extension.
Alternative scenario: above 2458.00 look for further upside with 2465.00 & 2477.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 2458.00.
Supports and resistances:
2477.00
2465.00
2458.00
2449.87 Last
2437.00
2424.00
2407.00
Our preference: short positions below 2458.00 with targets at 2437.00 & 2424.00 in extension.
Alternative scenario: above 2458.00 look for further upside with 2465.00 & 2477.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 2458.00.
Supports and resistances:
2477.00
2465.00
2458.00
2449.87 Last
2437.00
2424.00
2407.00
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