Gold Intraday: the downside prevails
Nov 4, 2024 11:04 PM
short positions below 2748.00 with targets at 2729.00 & 2722.00 in extension.
Pivot: 2748.00
Our preference:
short positions below 2748.00 with targets at 2729.00 & 2722.00 in extension.
Alternative scenario:
above 2748.00 look for further upside with 2755.00 & 2762.00 as targets.
Comment:
as long as the resistance at 2748.00 is not surpassed, the risk of the break below 2729.00 remains high.
Supports and resistances:
2762.00
2755.00
2748.00
2737.40 Last
2729.00
2722.00
2711.00
Our preference:
short positions below 2748.00 with targets at 2729.00 & 2722.00 in extension.
Alternative scenario:
above 2748.00 look for further upside with 2755.00 & 2762.00 as targets.
Comment:
as long as the resistance at 2748.00 is not surpassed, the risk of the break below 2729.00 remains high.
Supports and resistances:
2762.00
2755.00
2748.00
2737.40 Last
2729.00
2722.00
2711.00
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