Gold Intraday: choppy
Aug 22, 2024 11:25 AM
short positions below 2519.00 with targets at 2499.00 & 2486.00 in extension.
Pivot: 2519.00
Our preference:
short positions below 2519.00 with targets at 2499.00 & 2486.00 in extension.
Alternative scenario:
above 2519.00 look for further upside with 2531.00 & 2542.00 as targets.
Comment:
as long as 2519.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2542.00
2531.00
2519.00
2504.45 Last
2499.00
2486.00
2477.00
Our preference:
short positions below 2519.00 with targets at 2499.00 & 2486.00 in extension.
Alternative scenario:
above 2519.00 look for further upside with 2531.00 & 2542.00 as targets.
Comment:
as long as 2519.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2542.00
2531.00
2519.00
2504.45 Last
2499.00
2486.00
2477.00
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