Gold Intraday: bullish bias above 2550.00
Nov 14, 2024 11:05 PM
long positions above 2550.00 with targets at 2577.00 & 2587.00 in extension.
Pivot: 2550.00
Our preference:
long positions above 2550.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario:
below 2550.00 look for further downside with 2537.00 & 2526.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2601.00
2587.00
2577.00
2565.18 Last
2550.00
2537.00
2526.00
Our preference:
long positions above 2550.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario:
below 2550.00 look for further downside with 2537.00 & 2526.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2601.00
2587.00
2577.00
2565.18 Last
2550.00
2537.00
2526.00
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