Gold Intraday: the downside prevails
Apr 3, 2025 11:24 AM
short positions below 3116.00 with targets at 3077.00 & 3066.00 in extension.
Pivot: 3116.00
Our preference:
short positions below 3116.00 with targets at 3077.00 & 3066.00 in extension.
Alternative scenario:
above 3116.00 look for further upside with 3133.00 & 3145.00 as targets.
Comment:
the break below 3116.00 is a negative signal that has opened a path to 3077.00.
Supports and resistances:
3145.00
3133.00
3116.00
3092.89 Last
3077.00
3066.00
3053.00
Our preference:
short positions below 3116.00 with targets at 3077.00 & 3066.00 in extension.
Alternative scenario:
above 3116.00 look for further upside with 3133.00 & 3145.00 as targets.
Comment:
the break below 3116.00 is a negative signal that has opened a path to 3077.00.
Supports and resistances:
3145.00
3133.00
3116.00
3092.89 Last
3077.00
3066.00
3053.00
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