Gold Intraday: under pressure
Aug 28, 2024 9:36 AM
short positions below 2523.00 with targets at 2502.00 & 2487.00 in extension.
Pivot: 2523.00
Our preference:
short positions below 2523.00 with targets at 2502.00 & 2487.00 in extension.
Alternative scenario:
above 2523.00 look for further upside with 2531.00 & 2540.00 as targets.
Comment:
as long as the resistance at 2523.00 is not surpassed, the risk of the break below 2502.00 remains high.
Supports and resistances:
2540.00
2531.00
2523.00
2507.88 Last
2502.00
2487.00
2475.00
Our preference:
short positions below 2523.00 with targets at 2502.00 & 2487.00 in extension.
Alternative scenario:
above 2523.00 look for further upside with 2531.00 & 2540.00 as targets.
Comment:
as long as the resistance at 2523.00 is not surpassed, the risk of the break below 2502.00 remains high.
Supports and resistances:
2540.00
2531.00
2523.00
2507.88 Last
2502.00
2487.00
2475.00
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
5030.17
-49.01000000000022
-96.50%
