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Gold Intraday: under pressure
May 22, 2024 9:15 AM
short positions below 2424.00 with targets at 2406.00 & 2395.00 in extension.
Pivot: 2424.00
Our preference: short positions below 2424.00 with targets at 2406.00 & 2395.00 in extension.
Alternative scenario: above 2424.00 look for further upside with 2437.00 & 2450.00 as targets.
Comment: as long as the resistance at 2424.00 is not surpassed, the risk of the break below 2406.00 remains high.
Supports and resistances:
2450.00
2437.00
2424.00
2415.84 Last
2406.00
2395.00
2386.00
Our preference: short positions below 2424.00 with targets at 2406.00 & 2395.00 in extension.
Alternative scenario: above 2424.00 look for further upside with 2437.00 & 2450.00 as targets.
Comment: as long as the resistance at 2424.00 is not surpassed, the risk of the break below 2406.00 remains high.
Supports and resistances:
2450.00
2437.00
2424.00
2415.84 Last
2406.00
2395.00
2386.00
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Gold
4377.33
36.35
+83.70%