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Gold Intraday: under pressure
May 23, 2024 9:15 AM
short positions below 2377.00 with targets at 2354.00 & 2335.00 in extension.
Pivot: 2377.00
Our preference: short positions below 2377.00 with targets at 2354.00 & 2335.00 in extension.
Alternative scenario: above 2377.00 look for further upside with 2394.00 & 2406.00 as targets.
Comment: as long as the resistance at 2377.00 is not surpassed, the risk of the break below 2354.00 remains high.
Supports and resistances:
2406.00
2394.00
2377.00
2361.10 Last
2354.00
2335.00
2326.00
Our preference: short positions below 2377.00 with targets at 2354.00 & 2335.00 in extension.
Alternative scenario: above 2377.00 look for further upside with 2394.00 & 2406.00 as targets.
Comment: as long as the resistance at 2377.00 is not surpassed, the risk of the break below 2354.00 remains high.
Supports and resistances:
2406.00
2394.00
2377.00
2361.10 Last
2354.00
2335.00
2326.00
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Gold
4377.33
36.35
+83.70%