Gold Intraday: capped by a negative trend line
Nov 4, 2024 10:15 AM
short positions below 2747.00 with targets at 2722.00 & 2711.00 in extension.
Pivot: 2747.00
Our preference:
short positions below 2747.00 with targets at 2722.00 & 2711.00 in extension.
Alternative scenario:
above 2747.00 look for further upside with 2762.00 & 2770.00 as targets.
Comment:
as long as 2747.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2770.00
2762.00
2747.00
2741.38 Last
2722.00
2711.00
2702.00
Our preference:
short positions below 2747.00 with targets at 2722.00 & 2711.00 in extension.
Alternative scenario:
above 2747.00 look for further upside with 2762.00 & 2770.00 as targets.
Comment:
as long as 2747.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2770.00
2762.00
2747.00
2741.38 Last
2722.00
2711.00
2702.00
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