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Gold Intraday: choppy
Aug 22, 2024 11:25 AM
short positions below 2519.00 with targets at 2499.00 & 2486.00 in extension.
Pivot: 2519.00
Our preference:
short positions below 2519.00 with targets at 2499.00 & 2486.00 in extension.
Alternative scenario:
above 2519.00 look for further upside with 2531.00 & 2542.00 as targets.
Comment:
as long as 2519.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2542.00
2531.00
2519.00
2504.45 Last
2499.00
2486.00
2477.00
Our preference:
short positions below 2519.00 with targets at 2499.00 & 2486.00 in extension.
Alternative scenario:
above 2519.00 look for further upside with 2531.00 & 2542.00 as targets.
Comment:
as long as 2519.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2542.00
2531.00
2519.00
2504.45 Last
2499.00
2486.00
2477.00
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
4746.77
-18.00999999999931
-37.80%
