Gold Intraday: consolidation in place
May 14, 2025 9:18 AM
short positions below 3250.00 with targets at 3207.00 & 3190.00 in extension.
Pivot: 3250.00
Our preference:
short positions below 3250.00 with targets at 3207.00 & 3190.00 in extension.
Alternative scenario:
above 3250.00 look for further upside with 3265.00 & 3287.00 as targets.
Comment:
as long as the resistance at 3250.00 is not surpassed, the risk of the break below 3207.00 remains high.
Supports and resistances:
3287.00
3265.00
3250.00
3230.59 Last
3207.00
3190.00
3170.00
Our preference:
short positions below 3250.00 with targets at 3207.00 & 3190.00 in extension.
Alternative scenario:
above 3250.00 look for further upside with 3265.00 & 3287.00 as targets.
Comment:
as long as the resistance at 3250.00 is not surpassed, the risk of the break below 3207.00 remains high.
Supports and resistances:
3287.00
3265.00
3250.00
3230.59 Last
3207.00
3190.00
3170.00
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