Gold Intraday: the downside prevails
Jun 7, 2024 9:34 AM
short positions below 2369.00 with targets at 2329.00 & 2315.00 in extension.
Pivot: 2369.00
Our preference: short positions below 2369.00 with targets at 2329.00 & 2315.00 in extension.
Alternative scenario: above 2369.00 look for further upside with 2379.00 & 2387.00 as targets.
Comment: the break below 2369.00 is a negative signal that has opened a path to 2329.00.
Supports and resistances:
2387.00
2379.00
2369.00
2342.17 Last
2329.00
2315.00
2300.00
Our preference: short positions below 2369.00 with targets at 2329.00 & 2315.00 in extension.
Alternative scenario: above 2369.00 look for further upside with 2379.00 & 2387.00 as targets.
Comment: the break below 2369.00 is a negative signal that has opened a path to 2329.00.
Supports and resistances:
2387.00
2379.00
2369.00
2342.17 Last
2329.00
2315.00
2300.00
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