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Gold Intraday: intraday support around 2341.00
Jun 4, 2024 7:06 AM
long positions above 2341.00 with targets at 2355.00 & 2362.00 in extension.
Pivot: 2341.00
Our preference: long positions above 2341.00 with targets at 2355.00 & 2362.00 in extension.
Alternative scenario: below 2341.00 look for further downside with 2331.00 & 2320.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2370.00
2362.00
2355.00
2344.60 Last
2341.00
2331.00
2320.00
Our preference: long positions above 2341.00 with targets at 2355.00 & 2362.00 in extension.
Alternative scenario: below 2341.00 look for further downside with 2331.00 & 2320.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2370.00
2362.00
2355.00
2344.60 Last
2341.00
2331.00
2320.00
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Gold
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