Gold Intraday: consolidation in place
Mar 7, 2025 10:32 AM
short positions below 2930.00 with targets at 2909.00 & 2901.00 in extension.
Pivot: 2930.00
Our preference:
short positions below 2930.00 with targets at 2909.00 & 2901.00 in extension.
Alternative scenario:
above 2930.00 look for further upside with 2942.00 & 2955.00 as targets.
Comment:
as long as 2930.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2955.00
2942.00
2930.00
2921.12 Last
2909.00
2901.00
2891.00
Our preference:
short positions below 2930.00 with targets at 2909.00 & 2901.00 in extension.
Alternative scenario:
above 2930.00 look for further upside with 2942.00 & 2955.00 as targets.
Comment:
as long as 2930.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2955.00
2942.00
2930.00
2921.12 Last
2909.00
2901.00
2891.00
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