Gold Intraday: the downside prevails
Nov 12, 2024 10:49 AM
short positions below 2617.00 with targets at 2580.00 & 2560.00 in extension.
Pivot: 2617.00
Our preference:
short positions below 2617.00 with targets at 2580.00 & 2560.00 in extension.
Alternative scenario:
above 2617.00 look for further upside with 2627.00 & 2644.00 as targets.
Comment:
the break below 2617.00 is a negative signal that has opened a path to 2580.00.
Supports and resistances:
2644.00
2627.00
2617.00
2590.87 Last
2580.00
2560.00
2547.00
Our preference:
short positions below 2617.00 with targets at 2580.00 & 2560.00 in extension.
Alternative scenario:
above 2617.00 look for further upside with 2627.00 & 2644.00 as targets.
Comment:
the break below 2617.00 is a negative signal that has opened a path to 2580.00.
Supports and resistances:
2644.00
2627.00
2617.00
2590.87 Last
2580.00
2560.00
2547.00
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