Gold Intraday: caution
May 28, 2025 3:08 AM
short positions below 3315.00 with targets at 3289.00 & 3280.00 in extension.
Pivot: 3315.00
Our preference:
short positions below 3315.00 with targets at 3289.00 & 3280.00 in extension.
Alternative scenario:
above 3315.00 look for further upside with 3323.00 & 3333.00 as targets.
Comment:
the index currently faces a challenging resistance area at 3315.00.
Supports and resistances:
3333.00
3323.00
3315.00
3304.95 Last
3289.00
3280.00
3264.00
Our preference:
short positions below 3315.00 with targets at 3289.00 & 3280.00 in extension.
Alternative scenario:
above 3315.00 look for further upside with 3323.00 & 3333.00 as targets.
Comment:
the index currently faces a challenging resistance area at 3315.00.
Supports and resistances:
3333.00
3323.00
3315.00
3304.95 Last
3289.00
3280.00
3264.00
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