Gold Intraday: bullish bias above 3280.00
May 21, 2025 3:49 PM
long positions above 3280.00 with targets at 3345.00 & 3368.00 in extension.
Pivot: 3280.00
Our preference:
long positions above 3280.00 with targets at 3345.00 & 3368.00 in extension.
Alternative scenario:
below 3280.00 look for further downside with 3257.00 & 3236.00 as targets.
Comment:
the RSI is above its neutrality area at 50%.
Supports and resistances:
3385.00
3368.00
3345.00
3311.99 Last
3280.00
3257.00
3236.00
Our preference:
long positions above 3280.00 with targets at 3345.00 & 3368.00 in extension.
Alternative scenario:
below 3280.00 look for further downside with 3257.00 & 3236.00 as targets.
Comment:
the RSI is above its neutrality area at 50%.
Supports and resistances:
3385.00
3368.00
3345.00
3311.99 Last
3280.00
3257.00
3236.00
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