Gold Intraday: under pressure
Feb 12, 2025 1:31 AM
short positions below 2909.00 with targets at 2881.00 & 2869.00 in extension.
Pivot: 2909.00
Our preference:
short positions below 2909.00 with targets at 2881.00 & 2869.00 in extension.
Alternative scenario:
above 2909.00 look for further upside with 2923.00 & 2938.00 as targets.
Comment:
as long as the resistance at 2909.00 is not surpassed, the risk of the break below 2881.00 remains high.
Supports and resistances:
2938.00
2923.00
2909.00
2890.88 Last
2881.00
2869.00
2856.00
Our preference:
short positions below 2909.00 with targets at 2881.00 & 2869.00 in extension.
Alternative scenario:
above 2909.00 look for further upside with 2923.00 & 2938.00 as targets.
Comment:
as long as the resistance at 2909.00 is not surpassed, the risk of the break below 2881.00 remains high.
Supports and resistances:
2938.00
2923.00
2909.00
2890.88 Last
2881.00
2869.00
2856.00
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