Gold Intraday: key resistance at 2651.50
Dec 2, 2024 5:03 PM
short positions below 2651.50 with targets at 2634.00 & 2621.00 in extension.
Pivot: 2651.50
Our preference:
short positions below 2651.50 with targets at 2634.00 & 2621.00 in extension.
Alternative scenario:
above 2651.50 look for further upside with 2666.00 & 2678.00 as targets.
Comment:
as long as 2651.50 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2678.00
2666.00
2651.50
2641.75 Last
2634.00
2621.00
2580.00
Our preference:
short positions below 2651.50 with targets at 2634.00 & 2621.00 in extension.
Alternative scenario:
above 2651.50 look for further upside with 2666.00 & 2678.00 as targets.
Comment:
as long as 2651.50 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2678.00
2666.00
2651.50
2641.75 Last
2634.00
2621.00
2580.00
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