Gold Intraday: bullish bias above 3313.00
May 22, 2025 7:10 AM
long positions above 3313.00 with targets at 3345.00 & 3368.00 in extension.
Pivot: 3313.00
Our preference:
long positions above 3313.00 with targets at 3345.00 & 3368.00 in extension.
Alternative scenario:
below 3313.00 look for further downside with 3295.00 & 3275.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3385.00
3368.00
3345.00
3325.50 Last
3313.00
3295.00
3275.00
Our preference:
long positions above 3313.00 with targets at 3345.00 & 3368.00 in extension.
Alternative scenario:
below 3313.00 look for further downside with 3295.00 & 3275.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3385.00
3368.00
3345.00
3325.50 Last
3313.00
3295.00
3275.00
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