Gold Short Term: under pressure
Dec 30, 2024 1:19 AM
short positions below 2720.00 with targets at 2540.00 & 2450.00 in extension.
Pivot: 2720.00
Our preference:
short positions below 2720.00 with targets at 2540.00 & 2450.00 in extension.
Alternative scenario:
above 2720.00 look for further upside with 2790.00 & 2870.00 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
2870.00 **
2790.00 ***
2720.00 ***
2624.00 Last
2540.00 ***
2450.00 ***
2360.00 ***
Our preference:
short positions below 2720.00 with targets at 2540.00 & 2450.00 in extension.
Alternative scenario:
above 2720.00 look for further upside with 2790.00 & 2870.00 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
2870.00 **
2790.00 ***
2720.00 ***
2624.00 Last
2540.00 ***
2450.00 ***
2360.00 ***
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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