Gold Intraday: bullish bias above 3312.00
Apr 17, 2025 6:48 AM
long positions above 3312.00 with targets at 3360.00 & 3383.00 in extension.
Pivot: 3312.00
Our preference:
long positions above 3312.00 with targets at 3360.00 & 3383.00 in extension.
Alternative scenario:
below 3312.00 look for further downside with 3278.00 & 3245.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3423.00
3383.00
3360.00
3330.06 Last
3312.00
3278.00
3245.00
Our preference:
long positions above 3312.00 with targets at 3360.00 & 3383.00 in extension.
Alternative scenario:
below 3312.00 look for further downside with 3278.00 & 3245.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
3423.00
3383.00
3360.00
3330.06 Last
3312.00
3278.00
3245.00
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