Gold Intraday: bullish bias above 2802.00
Feb 4, 2025 10:38 AM
long positions above 2802.00 with targets at 2825.00 & 2831.00 in extension.
Pivot: 2802.00
Our preference:
long positions above 2802.00 with targets at 2825.00 & 2831.00 in extension.
Alternative scenario:
below 2802.00 look for further downside with 2793.00 & 2784.00 as targets.
Comment:
a support base at 2802.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2838.00
2831.00
2825.00
2816.52 Last
2802.00
2793.00
2784.00
Our preference:
long positions above 2802.00 with targets at 2825.00 & 2831.00 in extension.
Alternative scenario:
below 2802.00 look for further downside with 2793.00 & 2784.00 as targets.
Comment:
a support base at 2802.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2838.00
2831.00
2825.00
2816.52 Last
2802.00
2793.00
2784.00
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