Gold Intraday: capped by a negative trend line

Jun 14, 2024 7:04 AM

short positions below 2314.00 with targets at 2303.00 & 2295.00 in extension.

Pivot: 2314.00
Our preference: short positions below 2314.00 with targets at 2303.00 & 2295.00 in extension.
Alternative scenario: above 2314.00 look for further upside with 2323.00 & 2331.00 as targets.
Comment: as long as 2314.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2331.00
2323.00
2314.00
2312.20 Last
2303.00
2295.00
2287.00

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