Gold Intraday: the upside prevails
Jul 22, 2025 11:09 AM
long positions above 3380.00 with targets at 3402.00 & 3415.00 in extension.
Pivot: 3380.00
Our preference:
long positions above 3380.00 with targets at 3402.00 & 3415.00 in extension.
Alternative scenario:
below 3380.00 look for further downside with 3370.00 & 3360.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3425.00
3415.00
3402.00
3386.79 Last
3380.00
3370.00
3360.00
Our preference:
long positions above 3380.00 with targets at 3402.00 & 3415.00 in extension.
Alternative scenario:
below 3380.00 look for further downside with 3370.00 & 3360.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3425.00
3415.00
3402.00
3386.79 Last
3380.00
3370.00
3360.00
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