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Gold Intraday: under pressure
May 30, 2024 5:07 AM
short positions below 2340.00 with targets at 2325.00 & 2315.00 in extension.
Pivot: 2340.00
Our preference: short positions below 2340.00 with targets at 2325.00 & 2315.00 in extension.
Alternative scenario: above 2340.00 look for further upside with 2347.00 & 2353.00 as targets.
Comment: as long as the resistance at 2340.00 is not surpassed, the risk of the break below 2325.00 remains high.
Supports and resistances:
2353.00
2347.00
2340.00
2335.46 Last
2325.00
2315.00
2304.00
Our preference: short positions below 2340.00 with targets at 2325.00 & 2315.00 in extension.
Alternative scenario: above 2340.00 look for further upside with 2347.00 & 2353.00 as targets.
Comment: as long as the resistance at 2340.00 is not surpassed, the risk of the break below 2325.00 remains high.
Supports and resistances:
2353.00
2347.00
2340.00
2335.46 Last
2325.00
2315.00
2304.00
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Gold
4377.33
36.35
+83.70%