Gold Intraday: key resistance at 2348.00
May 14, 2024 5:02 AM
short positions below 2348.00 with targets at 2335.00 & 2329.00 in extension.
Pivot: 2348.00
Our preference: short positions below 2348.00 with targets at 2335.00 & 2329.00 in extension.
Alternative scenario: above 2348.00 look for further upside with 2360.00 & 2371.00 as targets.
Comment: as long as the resistance at 2348.00 is not surpassed, the risk of the break below 2335.00 remains high.
Supports and resistances:
2371.00
2360.00
2348.00
2343.00 Last
2335.00
2329.00
2317.00
Our preference: short positions below 2348.00 with targets at 2335.00 & 2329.00 in extension.
Alternative scenario: above 2348.00 look for further upside with 2360.00 & 2371.00 as targets.
Comment: as long as the resistance at 2348.00 is not surpassed, the risk of the break below 2335.00 remains high.
Supports and resistances:
2371.00
2360.00
2348.00
2343.00 Last
2335.00
2329.00
2317.00
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