Gold Intraday: the upside prevails
Apr 16, 2025 11:14 PM
long positions above 3312.00 with targets at 3383.00 & 3423.00 in extension.
Pivot: 3312.00
Our preference:
long positions above 3312.00 with targets at 3383.00 & 3423.00 in extension.
Alternative scenario:
below 3312.00 look for further downside with 3278.00 & 3245.00 as targets.
Comment:
the immediate trend remains up and the momentum is strong.
Supports and resistances:
3500.00
3423.00
3383.00
3350.75 Last
3312.00
3278.00
3245.00
Our preference:
long positions above 3312.00 with targets at 3383.00 & 3423.00 in extension.
Alternative scenario:
below 3312.00 look for further downside with 3278.00 & 3245.00 as targets.
Comment:
the immediate trend remains up and the momentum is strong.
Supports and resistances:
3500.00
3423.00
3383.00
3350.75 Last
3312.00
3278.00
3245.00
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