Gold Intraday: under pressure
Feb 7, 2025 4:38 PM
short positions below 2887.00 with targets at 2857.00 & 2843.00 in extension.
Pivot: 2887.00
Our preference:
short positions below 2887.00 with targets at 2857.00 & 2843.00 in extension.
Alternative scenario:
above 2887.00 look for further upside with 2900.00 & 2910.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2910.00
2900.00
2887.00
2867.69 Last
2857.00
2843.00
2834.00
Our preference:
short positions below 2887.00 with targets at 2857.00 & 2843.00 in extension.
Alternative scenario:
above 2887.00 look for further upside with 2900.00 & 2910.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2910.00
2900.00
2887.00
2867.69 Last
2857.00
2843.00
2834.00
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