Gold Intraday: bullish bias above 3236.00
May 5, 2025 5:00 AM
long positions above 3236.00 with targets at 3272.00 & 3284.00 in extension.
Pivot: 3236.00
Our preference:
long positions above 3236.00 with targets at 3272.00 & 3284.00 in extension.
Alternative scenario:
below 3236.00 look for further downside with 3222.00 & 3204.00 as targets.
Comment:
technically the RSI is above its neutrality area at 50.
Supports and resistances:
3298.00
3284.00
3272.00
3256.32 Last
3236.00
3222.00
3204.00
Our preference:
long positions above 3236.00 with targets at 3272.00 & 3284.00 in extension.
Alternative scenario:
below 3236.00 look for further downside with 3222.00 & 3204.00 as targets.
Comment:
technically the RSI is above its neutrality area at 50.
Supports and resistances:
3298.00
3284.00
3272.00
3256.32 Last
3236.00
3222.00
3204.00
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