Gold Intraday: rebound expected
Dec 23, 2024 12:29 PM
long positions above 2604.00 with targets at 2633.00 & 2640.00 in extension.
Pivot: 2604.00
Our preference:
long positions above 2604.00 with targets at 2633.00 & 2640.00 in extension.
Alternative scenario:
below 2604.00 look for further downside with 2590.00 & 2582.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2649.00
2640.00
2633.00
2615.74 Last
2604.00
2590.00
2582.00
Our preference:
long positions above 2604.00 with targets at 2633.00 & 2640.00 in extension.
Alternative scenario:
below 2604.00 look for further downside with 2590.00 & 2582.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2649.00
2640.00
2633.00
2615.74 Last
2604.00
2590.00
2582.00
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Gold
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