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Gold Intraday: the downside prevails
Aug 19, 2024 1:51 PM
short positions below 2509.00 with targets at 2478.00 & 2460.00 in extension.
Pivot: 2509.00
Our preference: short positions below 2509.00 with targets at 2478.00 & 2460.00 in extension.
Alternative scenario: above 2509.00 look for further upside with 2527.00 & 2540.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2540.00
2527.00
2509.00
2488.00 Last
2478.00
2460.00
2450.00
Our preference: short positions below 2509.00 with targets at 2478.00 & 2460.00 in extension.
Alternative scenario: above 2509.00 look for further upside with 2527.00 & 2540.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2540.00
2527.00
2509.00
2488.00 Last
2478.00
2460.00
2450.00
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Gold
4351.29
8.5699999999997
+19.70%