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Gold Intraday: supported by a rising trend line
Jun 12, 2024 9:28 AM
long positions above 2305.00 with targets at 2324.00 & 2332.00 in extension.
Pivot: 2305.00
Our preference: long positions above 2305.00 with targets at 2324.00 & 2332.00 in extension.
Alternative scenario: below 2305.00 look for further downside with 2298.00 & 2287.00 as targets.
Comment: the break above 2305.00 is a positive signal that has opened a path to 2324.00.
Supports and resistances:
2339.00
2332.00
2324.00
2312.69 Last
2305.00
2298.00
2287.00
Our preference: long positions above 2305.00 with targets at 2324.00 & 2332.00 in extension.
Alternative scenario: below 2305.00 look for further downside with 2298.00 & 2287.00 as targets.
Comment: the break above 2305.00 is a positive signal that has opened a path to 2324.00.
Supports and resistances:
2339.00
2332.00
2324.00
2312.69 Last
2305.00
2298.00
2287.00
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Gold
4377.33
36.35
+83.70%