Gold Short Term: further upside
Nov 4, 2024 1:08 AM
long positions above 2670.00 with targets at 2870.00 & 2940.00 in extension.
Pivot: 2670.00
Our preference:
long positions above 2670.00 with targets at 2870.00 & 2940.00 in extension.
Alternative scenario:
below 2670.00 look for further downside with 2600.00 & 2525.00 as targets.
Comment:
the RSI is mixed with a bullish bias.
Supports and resistances:
3000.00 **
2940.00 ***
2870.00 ***
2738.41 Last
2670.00 ***
2600.00 ***
2525.00 ***
Our preference:
long positions above 2670.00 with targets at 2870.00 & 2940.00 in extension.
Alternative scenario:
below 2670.00 look for further downside with 2600.00 & 2525.00 as targets.
Comment:
the RSI is mixed with a bullish bias.
Supports and resistances:
3000.00 **
2940.00 ***
2870.00 ***
2738.41 Last
2670.00 ***
2600.00 ***
2525.00 ***
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