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Gold Intraday: the downside prevails
Jun 4, 2024 9:35 AM
short positions below 2342.00 with targets at 2314.00 & 2306.00 in extension.
Pivot: 2342.00
Our preference: short positions below 2342.00 with targets at 2314.00 & 2306.00 in extension.
Alternative scenario: above 2342.00 look for further upside with 2349.00 & 2355.00 as targets.
Comment: the break below the support at 2342.00 triggered a bearish acceleration to the support at 2314.00.
Supports and resistances:
2355.00
2349.00
2342.00
2329.96 Last
2314.00
2306.00
2292.00
Our preference: short positions below 2342.00 with targets at 2314.00 & 2306.00 in extension.
Alternative scenario: above 2342.00 look for further upside with 2349.00 & 2355.00 as targets.
Comment: the break below the support at 2342.00 triggered a bearish acceleration to the support at 2314.00.
Supports and resistances:
2355.00
2349.00
2342.00
2329.96 Last
2314.00
2306.00
2292.00
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