Gold Intraday: consolidation
Dec 11, 2024 5:56 AM
short positions below 2704.00 with targets at 2668.00 & 2657.00 in extension.
Pivot: 2704.00
Our preference:
short positions below 2704.00 with targets at 2668.00 & 2657.00 in extension.
Alternative scenario:
above 2704.00 look for further upside with 2712.00 & 2721.00 as targets.
Comment:
as long as 2704.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2721.00
2712.00
2704.00
2687.90 Last
2668.00
2657.00
2646.00
Our preference:
short positions below 2704.00 with targets at 2668.00 & 2657.00 in extension.
Alternative scenario:
above 2704.00 look for further upside with 2712.00 & 2721.00 as targets.
Comment:
as long as 2704.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2721.00
2712.00
2704.00
2687.90 Last
2668.00
2657.00
2646.00
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