Gold Intraday: further advance
Aug 20, 2024 9:28 AM
long positions above 2505.00 with targets at 2531.00 & 2540.00 in extension.
Pivot: 2505.00
Our preference: long positions above 2505.00 with targets at 2531.00 & 2540.00 in extension.
Alternative scenario: below 2505.00 look for further downside with 2498.00 & 2486.00 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
2560.00
2540.00
2531.00
2523.02 Last
2505.00
2498.00
2486.00
Our preference: long positions above 2505.00 with targets at 2531.00 & 2540.00 in extension.
Alternative scenario: below 2505.00 look for further downside with 2498.00 & 2486.00 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
2560.00
2540.00
2531.00
2523.02 Last
2505.00
2498.00
2486.00
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