Gold Intraday: the downside prevails
May 29, 2024 9:41 AM
short positions below 2353.00 with targets at 2338.00 & 2332.00 in extension.
Pivot: 2353.00
Our preference: short positions below 2353.00 with targets at 2338.00 & 2332.00 in extension.
Alternative scenario: above 2353.00 look for further upside with 2364.00 & 2370.00 as targets.
Comment: the break below 2353.00 is a negative signal that has opened a path to 2338.00.
Supports and resistances:
2370.00
2364.00
2353.00
2343.00 Last
2338.00
2332.00
2325.00
Our preference: short positions below 2353.00 with targets at 2338.00 & 2332.00 in extension.
Alternative scenario: above 2353.00 look for further upside with 2364.00 & 2370.00 as targets.
Comment: the break below 2353.00 is a negative signal that has opened a path to 2338.00.
Supports and resistances:
2370.00
2364.00
2353.00
2343.00 Last
2338.00
2332.00
2325.00
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
4312.84
13.539999999999964
+31.50%
