Gold Intraday: the downside prevails
May 14, 2025 3:25 PM
short positions below 3220.00 with targets at 3155.00 & 3130.00 in extension.
Pivot: 3220.00
Our preference:
short positions below 3220.00 with targets at 3155.00 & 3130.00 in extension.
Alternative scenario:
above 3220.00 look for further upside with 3242.00 & 3265.00 as targets.
Comment:
a break below 3155.00 would trigger a drop towards 3130.00.
Supports and resistances:
3265.00
3242.00
3220.00
3179.89 Last
3155.00
3130.00
3100.00
Our preference:
short positions below 3220.00 with targets at 3155.00 & 3130.00 in extension.
Alternative scenario:
above 3220.00 look for further upside with 3242.00 & 3265.00 as targets.
Comment:
a break below 3155.00 would trigger a drop towards 3130.00.
Supports and resistances:
3265.00
3242.00
3220.00
3179.89 Last
3155.00
3130.00
3100.00
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