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Gold Intraday: under pressure
Jun 3, 2024 8:52 AM
short positions below 2331.00 with targets at 2314.00 & 2306.00 in extension.
Pivot: 2331.00
Our preference: short positions below 2331.00 with targets at 2314.00 & 2306.00 in extension.
Alternative scenario: above 2331.00 look for further upside with 2342.00 & 2350.00 as targets.
Comment: as long as the resistance at 2331.00 is not surpassed, the risk of the break below 2314.00 remains high.
Supports and resistances:
2350.00
2342.00
2331.00
2325.82 Last
2314.00
2306.00
2300.00
Our preference: short positions below 2331.00 with targets at 2314.00 & 2306.00 in extension.
Alternative scenario: above 2331.00 look for further upside with 2342.00 & 2350.00 as targets.
Comment: as long as the resistance at 2331.00 is not surpassed, the risk of the break below 2314.00 remains high.
Supports and resistances:
2350.00
2342.00
2331.00
2325.82 Last
2314.00
2306.00
2300.00
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Gold
4377.33
36.35
+83.70%