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Gold Intraday: the downside prevails
Mar 2, 2026 7:19 PM
short positions below 5340 with targets at 5215 & 5165 in extension.
Pivot: 5340
Our preference:
short positions below 5340 with targets at 5215 & 5165 in extension.
Alternative scenario:
above 5340 look for further upside with 5385 & 5415 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 5340.
Supports and resistances:
5415
5385
5340
5312 Last
5215
5165
5130
Our preference:
short positions below 5340 with targets at 5215 & 5165 in extension.
Alternative scenario:
above 5340 look for further upside with 5385 & 5415 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 5340.
Supports and resistances:
5415
5385
5340
5312 Last
5215
5165
5130
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