Gold Intraday: the downside prevails
Sep 2, 2024 5:06 AM
short positions below 2505.00 with targets at 2490.00 & 2483.00 in extension.
Pivot: 2505.00
Our preference:
short positions below 2505.00 with targets at 2490.00 & 2483.00 in extension.
Alternative scenario:
above 2505.00 look for further upside with 2513.00 & 2520.00 as targets.
Comment:
as long as the resistance at 2505.00 is not surpassed, the risk of the break below 2490.00 remains high.
Supports and resistances:
2520.00
2513.00
2505.00
2496.98 Last
2490.00
2483.00
2471.00
Our preference:
short positions below 2505.00 with targets at 2490.00 & 2483.00 in extension.
Alternative scenario:
above 2505.00 look for further upside with 2513.00 & 2520.00 as targets.
Comment:
as long as the resistance at 2505.00 is not surpassed, the risk of the break below 2490.00 remains high.
Supports and resistances:
2520.00
2513.00
2505.00
2496.98 Last
2490.00
2483.00
2471.00
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
5048.35
-30.829999999999927
-60.70%
