Gold Intraday: further upside
Oct 18, 2024 11:34 AM
long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Pivot: 2695.00
Our preference:
long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario:
below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment:
the immediate trend remains up and the momentum is strong.
Supports and resistances:
2760.00
2742.00
2724.00
2712.19 Last
2695.00
2684.00
2677.00
Our preference:
long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario:
below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment:
the immediate trend remains up and the momentum is strong.
Supports and resistances:
2760.00
2742.00
2724.00
2712.19 Last
2695.00
2684.00
2677.00
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