Gold Intraday: the downside prevails
May 12, 2025 9:47 AM
short positions below 3287.00 with targets at 3202.00 & 3150.00 in extension.
Pivot: 3287.00
Our preference:
short positions below 3287.00 with targets at 3202.00 & 3150.00 in extension.
Alternative scenario:
above 3287.00 look for further upside with 3315.00 & 3345.00 as targets.
Comment:
the break below 3287.00 is a negative signal that has opened a path to 3202.00.
Supports and resistances:
3345.00
3315.00
3287.00
3227.96 Last
3202.00
3150.00
3105.00
Our preference:
short positions below 3287.00 with targets at 3202.00 & 3150.00 in extension.
Alternative scenario:
above 3287.00 look for further upside with 3315.00 & 3345.00 as targets.
Comment:
the break below 3287.00 is a negative signal that has opened a path to 3202.00.
Supports and resistances:
3345.00
3315.00
3287.00
3227.96 Last
3202.00
3150.00
3105.00
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