Gold Intraday: aim @ 2540.00
Aug 19, 2024 2:58 AM
long positions above 2478.00 with targets at 2527.00 & 2540.00 in extension.
Pivot: 2478.00
Our preference: long positions above 2478.00 with targets at 2527.00 & 2540.00 in extension.
Alternative scenario: below 2478.00 look for further downside with 2460.00 & 2450.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2550.00
2540.00
2527.00
2503.69 Last
2478.00
2460.00
2450.00
Our preference: long positions above 2478.00 with targets at 2527.00 & 2540.00 in extension.
Alternative scenario: below 2478.00 look for further downside with 2460.00 & 2450.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2550.00
2540.00
2527.00
2503.69 Last
2478.00
2460.00
2450.00
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