Gold Intraday: the downside prevails
Jan 27, 2025 3:44 AM
short positions below 2774.00 with targets at 2752.00 & 2746.00 in extension.
Pivot: 2774.00
Our preference:
short positions below 2774.00 with targets at 2752.00 & 2746.00 in extension.
Alternative scenario:
above 2774.00 look for further upside with 2779.00 & 2785.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2785.00
2779.00
2774.00
2761.30 Last
2752.00
2746.00
2737.00
Our preference:
short positions below 2774.00 with targets at 2752.00 & 2746.00 in extension.
Alternative scenario:
above 2774.00 look for further upside with 2779.00 & 2785.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2785.00
2779.00
2774.00
2761.30 Last
2752.00
2746.00
2737.00
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