Gold Intraday: bullish bias above 2501.00
Sep 11, 2024 11:21 PM
long positions above 2501.00 with targets at 2520.00 & 2528.00 in extension.
Pivot: 2501.00
Our preference:
long positions above 2501.00 with targets at 2520.00 & 2528.00 in extension.
Alternative scenario:
below 2501.00 look for further downside with 2494.00 & 2485.00 as targets.
Comment:
a support base at 2501.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2536.00
2528.00
2520.00
2512.71 Last
2501.00
2494.00
2485.00
Our preference:
long positions above 2501.00 with targets at 2520.00 & 2528.00 in extension.
Alternative scenario:
below 2501.00 look for further downside with 2494.00 & 2485.00 as targets.
Comment:
a support base at 2501.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2536.00
2528.00
2520.00
2512.71 Last
2501.00
2494.00
2485.00
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