Gold Intraday: under pressure
Sep 4, 2024 9:26 AM
short positions below 2488.00 with targets at 2470.00 & 2451.00 in extension.
Pivot: 2488.00
Our preference:
short positions below 2488.00 with targets at 2470.00 & 2451.00 in extension.
Alternative scenario:
above 2488.00 look for further upside with 2497.00 & 2507.00 as targets.
Comment:
as long as the resistance at 2488.00 is not surpassed, the risk of the break below 2470.00 remains high.
Supports and resistances:
2507.00
2497.00
2488.00
2476.09 Last
2470.00
2451.00
2440.00
Our preference:
short positions below 2488.00 with targets at 2470.00 & 2451.00 in extension.
Alternative scenario:
above 2488.00 look for further upside with 2497.00 & 2507.00 as targets.
Comment:
as long as the resistance at 2488.00 is not surpassed, the risk of the break below 2470.00 remains high.
Supports and resistances:
2507.00
2497.00
2488.00
2476.09 Last
2470.00
2451.00
2440.00
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