Gold Intraday: bullish bias above 2970.00
Mar 14, 2025 7:39 AM
long positions above 2970.00 with targets at 2994.00 & 3003.00 in extension.
Pivot: 2970.00
Our preference:
long positions above 2970.00 with targets at 2994.00 & 3003.00 in extension.
Alternative scenario:
below 2970.00 look for further downside with 2960.00 & 2950.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3010.00
3003.00
2994.00
2984.05 Last
2970.00
2960.00
2950.00
Our preference:
long positions above 2970.00 with targets at 2994.00 & 3003.00 in extension.
Alternative scenario:
below 2970.00 look for further downside with 2960.00 & 2950.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3010.00
3003.00
2994.00
2984.05 Last
2970.00
2960.00
2950.00
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