Gold Intraday: consolidation in place
Dec 23, 2024 11:29 PM
short positions below 2625.00 with targets at 2600.00 & 2590.00 in extension.
Pivot: 2625.00
Our preference:
short positions below 2625.00 with targets at 2600.00 & 2590.00 in extension.
Alternative scenario:
above 2625.00 look for further upside with 2633.00 & 2640.00 as targets.
Comment:
as long as 2625.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2640.00
2633.00
2625.00
2612.00 Last
2600.00
2590.00
2582.00
Our preference:
short positions below 2625.00 with targets at 2600.00 & 2590.00 in extension.
Alternative scenario:
above 2625.00 look for further upside with 2633.00 & 2640.00 as targets.
Comment:
as long as 2625.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2640.00
2633.00
2625.00
2612.00 Last
2600.00
2590.00
2582.00
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