Gold Intraday: under pressure
Feb 3, 2025 10:27 AM
short positions below 2800.00 with targets at 2771.00 & 2760.00 in extension.
Pivot: 2800.00
Our preference:
short positions below 2800.00 with targets at 2771.00 & 2760.00 in extension.
Alternative scenario:
above 2800.00 look for further upside with 2808.00 & 2817.00 as targets.
Comment:
as long as the resistance at 2800.00 is not surpassed, the risk of the break below 2771.00 remains high.
Supports and resistances:
2817.00
2808.00
2800.00
2797.09 Last
2771.00
2760.00
2744.00
Our preference:
short positions below 2800.00 with targets at 2771.00 & 2760.00 in extension.
Alternative scenario:
above 2800.00 look for further upside with 2808.00 & 2817.00 as targets.
Comment:
as long as the resistance at 2800.00 is not surpassed, the risk of the break below 2771.00 remains high.
Supports and resistances:
2817.00
2808.00
2800.00
2797.09 Last
2771.00
2760.00
2744.00
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