Gold Intraday: key resistance at 2740.00
Nov 5, 2024 5:52 AM
short positions below 2740.00 with targets at 2725.00 & 2717.00 in extension.
Pivot: 2740.00
Our preference:
short positions below 2740.00 with targets at 2725.00 & 2717.00 in extension.
Alternative scenario:
above 2740.00 look for further upside with 2748.00 & 2755.00 as targets.
Comment:
as long as the resistance at 2740.00 is not surpassed, the risk of the break below 2725.00 remains high.
Supports and resistances:
2755.00
2748.00
2740.00
2735.00 Last
2725.00
2717.00
2711.00
Our preference:
short positions below 2740.00 with targets at 2725.00 & 2717.00 in extension.
Alternative scenario:
above 2740.00 look for further upside with 2748.00 & 2755.00 as targets.
Comment:
as long as the resistance at 2740.00 is not surpassed, the risk of the break below 2725.00 remains high.
Supports and resistances:
2755.00
2748.00
2740.00
2735.00 Last
2725.00
2717.00
2711.00
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