Gold Intraday: bullish bias above 3207.00
May 20, 2025 9:39 AM
long positions above 3207.00 with targets at 3248.00 & 3260.00 in extension.
Pivot: 3207.00
Our preference:
long positions above 3207.00 with targets at 3248.00 & 3260.00 in extension.
Alternative scenario:
below 3207.00 look for further downside with 3195.00 & 3182.00 as targets.
Comment:
a support base at 3207.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
3285.00
3260.00
3248.00
3231.17 Last
3207.00
3195.00
3182.00
Our preference:
long positions above 3207.00 with targets at 3248.00 & 3260.00 in extension.
Alternative scenario:
below 3207.00 look for further downside with 3195.00 & 3182.00 as targets.
Comment:
a support base at 3207.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
3285.00
3260.00
3248.00
3231.17 Last
3207.00
3195.00
3182.00
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.
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Gold
4530.91
52.07999999999993
+116.30%
