Gold Intraday: the downside prevails
Nov 12, 2024 10:49 AM
short positions below 2617.00 with targets at 2580.00 & 2560.00 in extension.
Pivot: 2617.00
Our preference:
short positions below 2617.00 with targets at 2580.00 & 2560.00 in extension.
Alternative scenario:
above 2617.00 look for further upside with 2627.00 & 2644.00 as targets.
Comment:
the break below 2617.00 is a negative signal that has opened a path to 2580.00.
Supports and resistances:
2644.00
2627.00
2617.00
2590.87 Last
2580.00
2560.00
2547.00
Our preference:
short positions below 2617.00 with targets at 2580.00 & 2560.00 in extension.
Alternative scenario:
above 2617.00 look for further upside with 2627.00 & 2644.00 as targets.
Comment:
the break below 2617.00 is a negative signal that has opened a path to 2580.00.
Supports and resistances:
2644.00
2627.00
2617.00
2590.87 Last
2580.00
2560.00
2547.00
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
3665.890
-23.660
-0.64%
