Gold Intraday: bullish bias above 2500.00
Sep 10, 2024 11:04 AM
long positions above 2500.00 with targets at 2512.00 & 2518.00 in extension.
Pivot: 2500.00
Our preference:
long positions above 2500.00 with targets at 2512.00 & 2518.00 in extension.
Alternative scenario:
below 2500.00 look for further downside with 2494.00 & 2485.00 as targets.
Comment:
a support base at 2500.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2529.00
2518.00
2512.00
2506.13 Last
2500.00
2494.00
2485.00
Our preference:
long positions above 2500.00 with targets at 2512.00 & 2518.00 in extension.
Alternative scenario:
below 2500.00 look for further downside with 2494.00 & 2485.00 as targets.
Comment:
a support base at 2500.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2529.00
2518.00
2512.00
2506.13 Last
2500.00
2494.00
2485.00
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