Gold Intraday: the downside prevails
May 8, 2025 7:44 PM
short positions below 3328.00 with targets at 3272.00 & 3252.00 in extension.
Pivot: 3328.00
Our preference:
short positions below 3328.00 with targets at 3272.00 & 3252.00 in extension.
Alternative scenario:
above 3328.00 look for further upside with 3363.00 & 3392.00 as targets.
Comment:
the RSI has broken down its 30 level.
Supports and resistances:
3392.00
3363.00
3328.00
3292.98 Last
3272.00
3252.00
3222.00
Our preference:
short positions below 3328.00 with targets at 3272.00 & 3252.00 in extension.
Alternative scenario:
above 3328.00 look for further upside with 3363.00 & 3392.00 as targets.
Comment:
the RSI has broken down its 30 level.
Supports and resistances:
3392.00
3363.00
3328.00
3292.98 Last
3272.00
3252.00
3222.00
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