Gold Intraday: consolidation
Jan 7, 2025 11:19 PM
short positions below 2664.00 with targets at 2632.00 & 2624.00 in extension.
Pivot: 2664.00
Our preference:
short positions below 2664.00 with targets at 2632.00 & 2624.00 in extension.
Alternative scenario:
above 2664.00 look for further upside with 2675.00 & 2690.00 as targets.
Comment:
as long as 2664.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2690.00
2675.00
2664.00
2647.80 Last
2632.00
2624.00
2614.00
Our preference:
short positions below 2664.00 with targets at 2632.00 & 2624.00 in extension.
Alternative scenario:
above 2664.00 look for further upside with 2675.00 & 2690.00 as targets.
Comment:
as long as 2664.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2690.00
2675.00
2664.00
2647.80 Last
2632.00
2624.00
2614.00
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