Gold Intraday: the bias remains bullish
Apr 3, 2025 5:01 AM
long positions above 3125.00 with targets at 3167.00 & 3180.00 in extension.
Pivot: 3125.00
Our preference:
long positions above 3125.00 with targets at 3167.00 & 3180.00 in extension.
Alternative scenario:
below 3125.00 look for further downside with 3110.00 & 3100.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3200.00
3180.00
3167.00
3141.00 Last
3125.00
3110.00
3100.00
Our preference:
long positions above 3125.00 with targets at 3167.00 & 3180.00 in extension.
Alternative scenario:
below 3125.00 look for further downside with 3110.00 & 3100.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3200.00
3180.00
3167.00
3141.00 Last
3125.00
3110.00
3100.00
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