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Gold Intraday: the bias remains bullish
Aug 20, 2024 6:42 AM
long positions above 2486.00 with targets at 2515.00 & 2531.00 in extension.
Pivot: 2486.00
Our preference: long positions above 2486.00 with targets at 2515.00 & 2531.00 in extension.
Alternative scenario: below 2486.00 look for further downside with 2478.00 & 2470.00 as targets.
Comment: the next resistances are at 2515.00 and then at 2531.00.
Supports and resistances:
2540.00
2531.00
2515.00
2503.32 Last
2486.00
2478.00
2470.00
Our preference: long positions above 2486.00 with targets at 2515.00 & 2531.00 in extension.
Alternative scenario: below 2486.00 look for further downside with 2478.00 & 2470.00 as targets.
Comment: the next resistances are at 2515.00 and then at 2531.00.
Supports and resistances:
2540.00
2531.00
2515.00
2503.32 Last
2486.00
2478.00
2470.00
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Gold
4348.92
6.1999999999998
+14.30%