Gold Intraday: bullish bias above 3352.00
Aug 5, 2025 9:31 AM
long positions above 3352.00 with targets at 3383.00 & 3395.00 in extension.
Pivot: 3352.00
Our preference:
long positions above 3352.00 with targets at 3383.00 & 3395.00 in extension.
Alternative scenario:
below 3352.00 look for further downside with 3333.00 & 3314.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3420.00
3395.00
3383.00
3366.62 Last
3352.00
3333.00
3314.00
Our preference:
long positions above 3352.00 with targets at 3383.00 & 3395.00 in extension.
Alternative scenario:
below 3352.00 look for further downside with 3333.00 & 3314.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3420.00
3395.00
3383.00
3366.62 Last
3352.00
3333.00
3314.00
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