Gold Intraday: intraday support around 2658.00
Sep 27, 2024 6:51 AM
long positions above 2658.00 with targets at 2677.00 & 2685.00 in extension.
Pivot: 2658.00
Our preference:
long positions above 2658.00 with targets at 2677.00 & 2685.00 in extension.
Alternative scenario:
below 2658.00 look for further downside with 2650.00 & 2640.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2694.00
2685.00
2677.00
2664.41 Last
2658.00
2650.00
2640.00
Our preference:
long positions above 2658.00 with targets at 2677.00 & 2685.00 in extension.
Alternative scenario:
below 2658.00 look for further downside with 2650.00 & 2640.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2694.00
2685.00
2677.00
2664.41 Last
2658.00
2650.00
2640.00
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