Gold Intraday: the downside prevails
Jun 4, 2024 9:35 AM
short positions below 2342.00 with targets at 2314.00 & 2306.00 in extension.
Pivot: 2342.00
Our preference: short positions below 2342.00 with targets at 2314.00 & 2306.00 in extension.
Alternative scenario: above 2342.00 look for further upside with 2349.00 & 2355.00 as targets.
Comment: the break below the support at 2342.00 triggered a bearish acceleration to the support at 2314.00.
Supports and resistances:
2355.00
2349.00
2342.00
2329.96 Last
2314.00
2306.00
2292.00
Our preference: short positions below 2342.00 with targets at 2314.00 & 2306.00 in extension.
Alternative scenario: above 2342.00 look for further upside with 2349.00 & 2355.00 as targets.
Comment: the break below the support at 2342.00 triggered a bearish acceleration to the support at 2314.00.
Supports and resistances:
2355.00
2349.00
2342.00
2329.96 Last
2314.00
2306.00
2292.00
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
4952.98
142.35999999999967
+295.90%
