Gold Intraday: under pressure
Nov 14, 2024 7:59 AM
short positions below 2578.00 with targets at 2547.00 & 2530.00 in extension.
Pivot: 2578.00
Our preference:
short positions below 2578.00 with targets at 2547.00 & 2530.00 in extension.
Alternative scenario:
above 2578.00 look for further upside with 2592.00 & 2605.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2605.00
2592.00
2578.00
2556.70 Last
2547.00
2530.00
2510.00
Our preference:
short positions below 2578.00 with targets at 2547.00 & 2530.00 in extension.
Alternative scenario:
above 2578.00 look for further upside with 2592.00 & 2605.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2605.00
2592.00
2578.00
2556.70 Last
2547.00
2530.00
2510.00
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