Gold Intraday: under pressure
Aug 21, 2024 2:16 PM
short positions below 2518.00 with targets at 2486.00 & 2475.00 in extension.
Pivot: 2518.00
Our preference: short positions below 2518.00 with targets at 2486.00 & 2475.00 in extension.
Alternative scenario: above 2518.00 look for further upside with 2530.00 & 2546.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2546.00
2530.00
2518.00
2500.40 Last
2486.00
2475.00
2459.00
Our preference: short positions below 2518.00 with targets at 2486.00 & 2475.00 in extension.
Alternative scenario: above 2518.00 look for further upside with 2530.00 & 2546.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2546.00
2530.00
2518.00
2500.40 Last
2486.00
2475.00
2459.00
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