Gold Intraday: under pressure
Jul 17, 2024 11:46 PM
short positions below 2472.00 with targets at 2444.00 & 2430.00 in extension.
Pivot: 2472.00
Our preference: short positions below 2472.00 with targets at 2444.00 & 2430.00 in extension.
Alternative scenario: above 2472.00 look for further upside with 2483.00 & 2500.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
2500.00
2483.00
2472.00
2461.00 Last
2444.00
2430.00
2420.00
Our preference: short positions below 2472.00 with targets at 2444.00 & 2430.00 in extension.
Alternative scenario: above 2472.00 look for further upside with 2483.00 & 2500.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
2500.00
2483.00
2472.00
2461.00 Last
2444.00
2430.00
2420.00
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
Gold
4952.98
142.35999999999967
+295.90%
