Gold Intraday: bullish bias above 2616.00
Dec 23, 2024 10:16 AM
long positions above 2616.00 with targets at 2639.00 & 2649.00 in extension.
Pivot: 2616.00
Our preference:
long positions above 2616.00 with targets at 2639.00 & 2649.00 in extension.
Alternative scenario:
below 2616.00 look for further downside with 2607.00 & 2590.00 as targets.
Comment:
the break above 2616.00 is a positive signal that has opened a path to 2639.00.
Supports and resistances:
2663.00
2649.00
2639.00
2624.86 Last
2616.00
2607.00
2590.00
Our preference:
long positions above 2616.00 with targets at 2639.00 & 2649.00 in extension.
Alternative scenario:
below 2616.00 look for further downside with 2607.00 & 2590.00 as targets.
Comment:
the break above 2616.00 is a positive signal that has opened a path to 2639.00.
Supports and resistances:
2663.00
2649.00
2639.00
2624.86 Last
2616.00
2607.00
2590.00
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