Gold Intraday: the bias remains bullish
Dec 9, 2024 5:59 AM
long positions above 2629.00 with targets at 2650.00 & 2657.00 in extension.
Pivot: 2629.00
Our preference:
long positions above 2629.00 with targets at 2650.00 & 2657.00 in extension.
Alternative scenario:
below 2629.00 look for further downside with 2623.00 & 2616.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2666.00
2657.00
2650.00
2637.99 Last
2629.00
2623.00
2616.00
Our preference:
long positions above 2629.00 with targets at 2650.00 & 2657.00 in extension.
Alternative scenario:
below 2629.00 look for further downside with 2623.00 & 2616.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2666.00
2657.00
2650.00
2637.99 Last
2629.00
2623.00
2616.00
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