Gold Intraday: rebound expected
May 31, 2024 1:37 AM
long positions above 2334.00 with targets at 2355.00 & 2362.00 in extension.
Pivot: 2334.00
Our preference: long positions above 2334.00 with targets at 2355.00 & 2362.00 in extension.
Alternative scenario: below 2334.00 look for further downside with 2328.00 & 2323.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
2374.00
2362.00
2355.00
2346.64 Last
2334.00
2328.00
2323.00
Our preference: long positions above 2334.00 with targets at 2355.00 & 2362.00 in extension.
Alternative scenario: below 2334.00 look for further downside with 2328.00 & 2323.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
2374.00
2362.00
2355.00
2346.64 Last
2334.00
2328.00
2323.00
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