Gold Intraday: under pressure
Feb 7, 2025 10:02 PM
short positions below 2872.00 with targets at 2850.00 & 2842.00 in extension.
Pivot: 2872.00
Our preference:
short positions below 2872.00 with targets at 2850.00 & 2842.00 in extension.
Alternative scenario:
above 2872.00 look for further upside with 2887.00 & 2900.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2900.00
2887.00
2872.00
2860.00 Last
2850.00
2842.00
2834.00
Our preference:
short positions below 2872.00 with targets at 2850.00 & 2842.00 in extension.
Alternative scenario:
above 2872.00 look for further upside with 2887.00 & 2900.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2900.00
2887.00
2872.00
2860.00 Last
2850.00
2842.00
2834.00
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