Gold Intraday: the downside prevails
Nov 5, 2024 1:08 AM
short positions below 2748.00 with targets at 2729.00 & 2722.00 in extension.
Pivot: 2748.00
Our preference:
short positions below 2748.00 with targets at 2729.00 & 2722.00 in extension.
Alternative scenario:
above 2748.00 look for further upside with 2755.00 & 2762.00 as targets.
Comment:
as long as the resistance at 2748.00 is not surpassed, the risk of the break below 2729.00 remains high.
Supports and resistances:
2762.00
2755.00
2748.00
2735.00 Last
2729.00
2722.00
2711.00
Our preference:
short positions below 2748.00 with targets at 2729.00 & 2722.00 in extension.
Alternative scenario:
above 2748.00 look for further upside with 2755.00 & 2762.00 as targets.
Comment:
as long as the resistance at 2748.00 is not surpassed, the risk of the break below 2729.00 remains high.
Supports and resistances:
2762.00
2755.00
2748.00
2735.00 Last
2729.00
2722.00
2711.00
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
4507.65
31.6299999999992
+70.70%
