Gold Intraday: key resistance at 3192.00
May 16, 2025 3:42 PM
short positions below 3192.00 with targets at 3155.00 & 3138.00 in extension.
Pivot: 3192.00
Our preference:
short positions below 3192.00 with targets at 3155.00 & 3138.00 in extension.
Alternative scenario:
above 3192.00 look for further upside with 3210.00 & 3230.00 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 3192.00.
Supports and resistances:
3230.00
3210.00
3192.00
3180.99 Last
3155.00
3138.00
3120.00
Our preference:
short positions below 3192.00 with targets at 3155.00 & 3138.00 in extension.
Alternative scenario:
above 3192.00 look for further upside with 3210.00 & 3230.00 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 3192.00.
Supports and resistances:
3230.00
3210.00
3192.00
3180.99 Last
3155.00
3138.00
3120.00
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