Gold Intraday: the downside prevails
Jan 6, 2025 10:35 AM
short positions below 2640.00 with targets at 2617.00 & 2609.00 in extension.
Pivot: 2640.00
Our preference:
short positions below 2640.00 with targets at 2617.00 & 2609.00 in extension.
Alternative scenario:
above 2640.00 look for further upside with 2650.00 & 2658.00 as targets.
Comment:
the break below 2640.00 is a negative signal that has opened a path to 2617.00.
Supports and resistances:
2658.00
2650.00
2640.00
2632.79 Last
2617.00
2609.00
2602.00
Our preference:
short positions below 2640.00 with targets at 2617.00 & 2609.00 in extension.
Alternative scenario:
above 2640.00 look for further upside with 2650.00 & 2658.00 as targets.
Comment:
the break below 2640.00 is a negative signal that has opened a path to 2617.00.
Supports and resistances:
2658.00
2650.00
2640.00
2632.79 Last
2617.00
2609.00
2602.00
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
3638.360
-4.360
-0.12%
