Gold Intraday: key resistance at 2659.00
Jan 8, 2025 8:05 AM
short positions below 2659.00 with targets at 2644.00 & 2638.00 in extension.
Pivot: 2659.00
Our preference:
short positions below 2659.00 with targets at 2644.00 & 2638.00 in extension.
Alternative scenario:
above 2659.00 look for further upside with 2664.00 & 2670.00 as targets.
Comment:
as long as 2659.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2670.00
2664.00
2659.00
2652.17 Last
2644.00
2638.00
2632.00
Our preference:
short positions below 2659.00 with targets at 2644.00 & 2638.00 in extension.
Alternative scenario:
above 2659.00 look for further upside with 2664.00 & 2670.00 as targets.
Comment:
as long as 2659.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2670.00
2664.00
2659.00
2652.17 Last
2644.00
2638.00
2632.00
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