Gold Short Term: watch 2800.00
Oct 21, 2024 1:20 AM
long positions above 2600.00 with targets at 2800.00 & 2870.00 in extension.
Pivot: 2600.00
Our preference:
long positions above 2600.00 with targets at 2800.00 & 2870.00 in extension.
Alternative scenario:
below 2600.00 look for further downside with 2525.00 & 2470.00 as targets.
Comment:
the RSI is bullish and calls for further upside.
Supports and resistances:
2940.00 **
2870.00 ***
2800.00 ***
2725.00 Last
2600.00 ***
2525.00 ***
2470.00 ***
Our preference:
long positions above 2600.00 with targets at 2800.00 & 2870.00 in extension.
Alternative scenario:
below 2600.00 look for further downside with 2525.00 & 2470.00 as targets.
Comment:
the RSI is bullish and calls for further upside.
Supports and resistances:
2940.00 **
2870.00 ***
2800.00 ***
2725.00 Last
2600.00 ***
2525.00 ***
2470.00 ***
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