Gold Intraday: the bias remains bullish
Apr 14, 2025 7:11 AM
long positions above 3190.00 with targets at 3245.00 & 3285.00 in extension.
Pivot: 3190.00
Our preference:
long positions above 3190.00 with targets at 3245.00 & 3285.00 in extension.
Alternative scenario:
below 3190.00 look for further downside with 3155.00 & 3130.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3325.00
3285.00
3245.00
3227.44 Last
3190.00
3155.00
3130.00
Our preference:
long positions above 3190.00 with targets at 3245.00 & 3285.00 in extension.
Alternative scenario:
below 3190.00 look for further downside with 3155.00 & 3130.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3325.00
3285.00
3245.00
3227.44 Last
3190.00
3155.00
3130.00
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