Gold Intraday: the downside prevails
Jul 28, 2025 9:34 AM
short positions below 3350.00 with targets at 3322.00 & 3309.00 in extension.
Pivot: 3350.00
Our preference:
short positions below 3350.00 with targets at 3322.00 & 3309.00 in extension.
Alternative scenario:
above 3350.00 look for further upside with 3365.00 & 3375.00 as targets.
Comment:
as long as 3350.00 is resistance, likely decline to 3322.00.
Supports and resistances:
3375.00
3365.00
3350.00
3336.47 Last
3322.00
3309.00
3296.00
Our preference:
short positions below 3350.00 with targets at 3322.00 & 3309.00 in extension.
Alternative scenario:
above 3350.00 look for further upside with 3365.00 & 3375.00 as targets.
Comment:
as long as 3350.00 is resistance, likely decline to 3322.00.
Supports and resistances:
3375.00
3365.00
3350.00
3336.47 Last
3322.00
3309.00
3296.00
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