Gold Intraday: key resistance at 2761.00
Nov 1, 2024 5:49 AM
short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Pivot: 2761.00
Our preference:
short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario:
above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment:
as long as the resistance at 2761.00 is not surpassed, the risk of the break below 2742.00 remains high.
Supports and resistances:
2790.00
2777.00
2761.00
2753.00 Last
2742.00
2732.00
2717.00
Our preference:
short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario:
above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment:
as long as the resistance at 2761.00 is not surpassed, the risk of the break below 2742.00 remains high.
Supports and resistances:
2790.00
2777.00
2761.00
2753.00 Last
2742.00
2732.00
2717.00
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