Gold Intraday: key resistance at 2909.00
Feb 11, 2025 4:57 PM
short positions below 2909.00 with targets at 2878.00 & 2869.00 in extension.
Pivot: 2909.00
Our preference:
short positions below 2909.00 with targets at 2878.00 & 2869.00 in extension.
Alternative scenario:
above 2909.00 look for further upside with 2920.00 & 2938.00 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 2909.00.
Supports and resistances:
2938.00
2920.00
2909.00
2903.03 Last
2878.00
2869.00
2856.00
Our preference:
short positions below 2909.00 with targets at 2878.00 & 2869.00 in extension.
Alternative scenario:
above 2909.00 look for further upside with 2920.00 & 2938.00 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 2909.00.
Supports and resistances:
2938.00
2920.00
2909.00
2903.03 Last
2878.00
2869.00
2856.00
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