Gold Intraday: the bias remains bullish
Oct 13, 2024 11:16 PM
long positions above 2636.00 with targets at 2661.00 & 2668.00 in extension.
Pivot: 2636.00
Our preference:
long positions above 2636.00 with targets at 2661.00 & 2668.00 in extension.
Alternative scenario:
below 2636.00 look for further downside with 2628.00 & 2617.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2675.00
2668.00
2661.00
2650.00 Last
2636.00
2628.00
2617.00
Our preference:
long positions above 2636.00 with targets at 2661.00 & 2668.00 in extension.
Alternative scenario:
below 2636.00 look for further downside with 2628.00 & 2617.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2675.00
2668.00
2661.00
2650.00 Last
2636.00
2628.00
2617.00
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