Gold Short Term: bullish bias above 2605.00
Dec 18, 2024 2:17 AM
long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.
Pivot: 2605.00
Our preference:
long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.
Alternative scenario:
below 2605.00 look for further downside with 2540.00 & 2450.00 as targets.
Comment:
a support base at 2605.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2870.00 **
2790.00 ***
2720.00 ***
2649.39 Last
2605.00 ***
2540.00 ***
2450.00 ***
Our preference:
long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.
Alternative scenario:
below 2605.00 look for further downside with 2540.00 & 2450.00 as targets.
Comment:
a support base at 2605.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2870.00 **
2790.00 ***
2720.00 ***
2649.39 Last
2605.00 ***
2540.00 ***
2450.00 ***
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
3678.050
-1.000
-0.03%
