Gold Intraday: intraday support around 2612.00
Dec 30, 2024 8:02 AM
long positions above 2612.00 with targets at 2628.00 & 2637.00 in extension.
Pivot: 2612.00
Our preference:
long positions above 2612.00 with targets at 2628.00 & 2637.00 in extension.
Alternative scenario:
below 2612.00 look for further downside with 2600.00 & 2591.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2645.00
2637.00
2628.00
2616.49 Last
2612.00
2600.00
2591.00
Our preference:
long positions above 2612.00 with targets at 2628.00 & 2637.00 in extension.
Alternative scenario:
below 2612.00 look for further downside with 2600.00 & 2591.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2645.00
2637.00
2628.00
2616.49 Last
2612.00
2600.00
2591.00
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