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Gold Intraday: under pressure
May 14, 2024 3:31 AM
short positions below 2348.00 with targets at 2329.00 & 2317.00 in extension.
Pivot: 2348.00
Our preference: short positions below 2348.00 with targets at 2329.00 & 2317.00 in extension.
Alternative scenario: above 2348.00 look for further upside with 2360.00 & 2371.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2371.00
2360.00
2348.00
2340.63 Last
2329.00
2317.00
2307.00
Our preference: short positions below 2348.00 with targets at 2329.00 & 2317.00 in extension.
Alternative scenario: above 2348.00 look for further upside with 2360.00 & 2371.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2371.00
2360.00
2348.00
2340.63 Last
2329.00
2317.00
2307.00
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