Gold Intraday: consolidation in place
May 30, 2025 11:14 AM
short positions below 3325.00 with targets at 3287.00 & 3265.00 in extension.
Pivot: 3325.00
Our preference:
short positions below 3325.00 with targets at 3287.00 & 3265.00 in extension.
Alternative scenario:
above 3325.00 look for further upside with 3350.00 & 3365.00 as targets.
Comment:
as long as the resistance at 3325.00 is not surpassed, the risk of the break below 3287.00 remains high.
Supports and resistances:
3365.00
3350.00
3325.00
3295.67 Last
3287.00
3265.00
3245.00
Our preference:
short positions below 3325.00 with targets at 3287.00 & 3265.00 in extension.
Alternative scenario:
above 3325.00 look for further upside with 3350.00 & 3365.00 as targets.
Comment:
as long as the resistance at 3325.00 is not surpassed, the risk of the break below 3287.00 remains high.
Supports and resistances:
3365.00
3350.00
3325.00
3295.67 Last
3287.00
3265.00
3245.00
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