Gold Intraday: under pressure
Nov 6, 2024 4:50 PM
short positions below 2702.00 with targets at 2640.00 & 2622.00 in extension.
Pivot: 2702.00
Our preference:
short positions below 2702.00 with targets at 2640.00 & 2622.00 in extension.
Alternative scenario:
above 2702.00 look for further upside with 2726.00 & 2748.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2748.00
2726.00
2702.00
2666.00 Last
2640.00
2622.00
2604.00
Our preference:
short positions below 2702.00 with targets at 2640.00 & 2622.00 in extension.
Alternative scenario:
above 2702.00 look for further upside with 2726.00 & 2748.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2748.00
2726.00
2702.00
2666.00 Last
2640.00
2622.00
2604.00
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