Gold Intraday: the downside prevails
Nov 12, 2024 8:00 AM
short positions below 2626.00 with targets at 2580.00 & 2560.00 in extension.
Pivot: 2626.00
Our preference:
short positions below 2626.00 with targets at 2580.00 & 2560.00 in extension.
Alternative scenario:
above 2626.00 look for further upside with 2644.00 & 2658.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2658.00
2644.00
2626.00
2600.06 Last
2580.00
2560.00
2547.00
Our preference:
short positions below 2626.00 with targets at 2580.00 & 2560.00 in extension.
Alternative scenario:
above 2626.00 look for further upside with 2644.00 & 2658.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2658.00
2644.00
2626.00
2600.06 Last
2580.00
2560.00
2547.00
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