Gold Intraday: intraday support around 2682.00
Nov 8, 2024 3:33 AM
long positions above 2682.00 with targets at 2710.00 & 2728.00 in extension.
Pivot: 2682.00
Our preference:
long positions above 2682.00 with targets at 2710.00 & 2728.00 in extension.
Alternative scenario:
below 2682.00 look for further downside with 2668.00 & 2657.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2749.00
2728.00
2710.00
2695.49 Last
2682.00
2668.00
2657.00
Our preference:
long positions above 2682.00 with targets at 2710.00 & 2728.00 in extension.
Alternative scenario:
below 2682.00 look for further downside with 2668.00 & 2657.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2749.00
2728.00
2710.00
2695.49 Last
2682.00
2668.00
2657.00
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