Gold Intraday: the upside prevails
Aug 26, 2024 8:54 PM
long positions above 2506.00 with targets at 2532.00 & 2546.00 in extension.
Pivot: 2506.00
Our preference:
long positions above 2506.00 with targets at 2532.00 & 2546.00 in extension.
Alternative scenario:
below 2506.00 look for further downside with 2495.00 & 2487.00 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
2560.00
2546.00
2532.00
2517.00 Last
2506.00
2495.00
2487.00
Our preference:
long positions above 2506.00 with targets at 2532.00 & 2546.00 in extension.
Alternative scenario:
below 2506.00 look for further downside with 2495.00 & 2487.00 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
2560.00
2546.00
2532.00
2517.00 Last
2506.00
2495.00
2487.00
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