Gold Intraday: intraday support around 2720.00
Oct 21, 2024 4:11 PM
long positions above 2720.00 with targets at 2750.00 & 2765.00 in extension.
Pivot: 2720.00
Our preference:
long positions above 2720.00 with targets at 2750.00 & 2765.00 in extension.
Alternative scenario:
below 2720.00 look for further downside with 2705.00 & 2696.00 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
2790.00
2765.00
2750.00
2721.50 Last
2720.00
2705.00
2696.00
Our preference:
long positions above 2720.00 with targets at 2750.00 & 2765.00 in extension.
Alternative scenario:
below 2720.00 look for further downside with 2705.00 & 2696.00 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
2790.00
2765.00
2750.00
2721.50 Last
2720.00
2705.00
2696.00
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