Gold Short Term: watch 2525.00
Nov 18, 2024 5:38 AM
short positions below 2710.00 with targets at 2525.00 & 2450.00 in extension.
Pivot: 2710.00
Our preference:
short positions below 2710.00 with targets at 2525.00 & 2450.00 in extension.
Alternative scenario:
above 2710.00 look for further upside with 2790.00 & 2870.00 as targets.
Comment:
a break below 2525.00 would trigger a drop towards 2450.00.
Supports and resistances:
2870.00 **
2790.00 ***
2710.00 ***
2592.00 Last
2525.00 ***
2450.00 ***
2370.00 ***
Our preference:
short positions below 2710.00 with targets at 2525.00 & 2450.00 in extension.
Alternative scenario:
above 2710.00 look for further upside with 2790.00 & 2870.00 as targets.
Comment:
a break below 2525.00 would trigger a drop towards 2450.00.
Supports and resistances:
2870.00 **
2790.00 ***
2710.00 ***
2592.00 Last
2525.00 ***
2450.00 ***
2370.00 ***
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