Gold Intraday: intraday support around 2395.00
Jul 12, 2024 9:19 AM
long positions above 2395.00 with targets at 2416.00 & 2424.00 in extension.
Pivot: 2395.00
Our preference: long positions above 2395.00 with targets at 2416.00 & 2424.00 in extension.
Alternative scenario: below 2395.00 look for further downside with 2386.00 & 2379.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2438.00
2424.00
2416.00
2407.21 Last
2395.00
2386.00
2379.00
Our preference: long positions above 2395.00 with targets at 2416.00 & 2424.00 in extension.
Alternative scenario: below 2395.00 look for further downside with 2386.00 & 2379.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2438.00
2424.00
2416.00
2407.21 Last
2395.00
2386.00
2379.00
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Gold
4952.98
142.35999999999967
+295.90%
