Gold Short Term: caution
Dec 4, 2024 2:22 AM
long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.
Pivot: 2605.00
Our preference:
long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.
Alternative scenario:
below 2605.00 look for further downside with 2540.00 & 2450.00 as targets.
Comment:
investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
2870.00 **
2790.00 ***
2720.00 ***
2644.00 Last
2605.00 ***
2540.00 ***
2450.00 ***
Our preference:
long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.
Alternative scenario:
below 2605.00 look for further downside with 2540.00 & 2450.00 as targets.
Comment:
investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
2870.00 **
2790.00 ***
2720.00 ***
2644.00 Last
2605.00 ***
2540.00 ***
2450.00 ***
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