Gold Intraday: consolidation in place
Feb 11, 2025 10:38 AM
short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
Pivot: 2924.00
Our preference:
short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
Alternative scenario:
above 2924.00 look for further upside with 2943.00 & 2953.00 as targets.
Comment:
as long as 2924.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2953.00
2943.00
2924.00
2904.65 Last
2898.00
2887.00
2874.00
Our preference:
short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
Alternative scenario:
above 2924.00 look for further upside with 2943.00 & 2953.00 as targets.
Comment:
as long as 2924.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2953.00
2943.00
2924.00
2904.65 Last
2898.00
2887.00
2874.00
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