Gold Intraday: consolidation in place
Dec 11, 2024 7:44 AM
short positions below 2704.00 with targets at 2674.00 & 2668.00 in extension.
Pivot: 2704.00
Our preference:
short positions below 2704.00 with targets at 2674.00 & 2668.00 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
2689.60 Last
2674.00
2668.00
2657.00
Our preference:
short positions below 2704.00 with targets at 2674.00 & 2668.00 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
2689.60 Last
2674.00
2668.00
2657.00
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