Gold Short Term: turning up
May 15, 2024 1:02 AM
long positions above 2280.00 with targets at 2430.00 & 2510.00 in extension.
Pivot: 2280.00
Our preference: long positions above 2280.00 with targets at 2430.00 & 2510.00 in extension.
Alternative scenario: below 2280.00 look for further downside with 2230.00 & 2150.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
2580.00 **
2510.00 ***
2430.00 ***
2355.00 Last
2280.00 ***
2230.00 ***
2150.00 ***
Our preference: long positions above 2280.00 with targets at 2430.00 & 2510.00 in extension.
Alternative scenario: below 2280.00 look for further downside with 2230.00 & 2150.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
2580.00 **
2510.00 ***
2430.00 ***
2355.00 Last
2280.00 ***
2230.00 ***
2150.00 ***
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