Gold Intraday: intraday support around 2629.00
Nov 28, 2024 11:09 PM
long positions above 2629.00 with targets at 2649.00 & 2658.00 in extension.
Pivot: 2629.00
Our preference:
long positions above 2629.00 with targets at 2649.00 & 2658.00 in extension.
Alternative scenario:
below 2629.00 look for further downside with 2621.00 & 2612.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2668.00
2658.00
2649.00
2638.51 Last
2629.00
2621.00
2612.00
Our preference:
long positions above 2629.00 with targets at 2649.00 & 2658.00 in extension.
Alternative scenario:
below 2629.00 look for further downside with 2621.00 & 2612.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2668.00
2658.00
2649.00
2638.51 Last
2629.00
2621.00
2612.00
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