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Gold Intraday: intraday support around 2338.00
May 28, 2024 7:05 AM
long positions above 2338.00 with targets at 2350.00 & 2358.00 in extension.
Pivot: 2338.00
Our preference: long positions above 2338.00 with targets at 2350.00 & 2358.00 in extension.
Alternative scenario: below 2338.00 look for further downside with 2332.00 & 2325.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2370.00
2358.00
2350.00
2343.80 Last
2338.00
2332.00
2325.00
Our preference: long positions above 2338.00 with targets at 2350.00 & 2358.00 in extension.
Alternative scenario: below 2338.00 look for further downside with 2332.00 & 2325.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2370.00
2358.00
2350.00
2343.80 Last
2338.00
2332.00
2325.00
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Gold
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