Gold Intraday: bullish bias above 2324.00
Jun 5, 2024 6:47 AM
long positions above 2324.00 with targets at 2345.00 & 2355.00 in extension.
Pivot: 2324.00
Our preference: long positions above 2324.00 with targets at 2345.00 & 2355.00 in extension.
Alternative scenario: below 2324.00 look for further downside with 2314.00 & 2306.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2365.00
2355.00
2345.00
2331.20 Last
2324.00
2314.00
2306.00
Our preference: long positions above 2324.00 with targets at 2345.00 & 2355.00 in extension.
Alternative scenario: below 2324.00 look for further downside with 2314.00 & 2306.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2365.00
2355.00
2345.00
2331.20 Last
2324.00
2314.00
2306.00
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