Gold Intraday: key resistance at 2516.00
Aug 29, 2024 2:00 AM
short positions below 2516.00 with targets at 2494.00 & 2487.00 in extension.
Pivot: 2516.00
Our preference:
short positions below 2516.00 with targets at 2494.00 & 2487.00 in extension.
Alternative scenario:
above 2516.00 look for further upside with 2523.00 & 2531.00 as targets.
Comment:
the RSI is around its neutrality area at 50%
Supports and resistances:
2531.00
2523.00
2516.00
2507.08 Last
2494.00
2487.00
2475.00
Our preference:
short positions below 2516.00 with targets at 2494.00 & 2487.00 in extension.
Alternative scenario:
above 2516.00 look for further upside with 2523.00 & 2531.00 as targets.
Comment:
the RSI is around its neutrality area at 50%
Supports and resistances:
2531.00
2523.00
2516.00
2507.08 Last
2494.00
2487.00
2475.00
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