Gold Intraday: the downside prevails
May 7, 2025 11:12 PM
short positions below 3402.00 with targets at 3338.00 & 3304.00 in extension.
Pivot: 3402.00
Our preference:
short positions below 3402.00 with targets at 3338.00 & 3304.00 in extension.
Alternative scenario:
above 3402.00 look for further upside with 3437.00 & 3460.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
3460.00
3437.00
3402.00
3369.58 Last
3338.00
3304.00
3270.00
Our preference:
short positions below 3402.00 with targets at 3338.00 & 3304.00 in extension.
Alternative scenario:
above 3402.00 look for further upside with 3437.00 & 3460.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
3460.00
3437.00
3402.00
3369.58 Last
3338.00
3304.00
3270.00
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