Gold Intraday: the bias remains bullish
Dec 1, 2024 11:20 PM
long positions above 2644.00 with targets at 2666.00 & 2676.00 in extension.
Pivot: 2644.00
Our preference:
long positions above 2644.00 with targets at 2666.00 & 2676.00 in extension.
Alternative scenario:
below 2644.00 look for further downside with 2634.00 & 2621.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2688.00
2676.00
2666.00
2653.00 Last
2644.00
2634.00
2621.00
Our preference:
long positions above 2644.00 with targets at 2666.00 & 2676.00 in extension.
Alternative scenario:
below 2644.00 look for further downside with 2634.00 & 2621.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2688.00
2676.00
2666.00
2653.00 Last
2644.00
2634.00
2621.00
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