Gold Intraday: supported by a rising trend line
Aug 29, 2025 9:30 AM
long positions above 3406.00 with targets at 3423.00 & 3433.00 in extension.
Pivot: 3406.00
Our preference:
long positions above 3406.00 with targets at 3423.00 & 3433.00 in extension.
Alternative scenario:
below 3406.00 look for further downside with 3394.00 & 3384.00 as targets.
Comment:
a support base at 3406.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
3442.00
3433.00
3423.00
3409.69 Last
3406.00
3394.00
3384.00
Our preference:
long positions above 3406.00 with targets at 3423.00 & 3433.00 in extension.
Alternative scenario:
below 3406.00 look for further downside with 3394.00 & 3384.00 as targets.
Comment:
a support base at 3406.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
3442.00
3433.00
3423.00
3409.69 Last
3406.00
3394.00
3384.00
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