Gold Intraday: under pressure
Jan 20, 2025 1:37 AM
short positions below 2706.00 with targets at 2690.00 & 2677.00 in extension.
Pivot: 2706.00
Our preference:
short positions below 2706.00 with targets at 2690.00 & 2677.00 in extension.
Alternative scenario:
above 2706.00 look for further upside with 2716.00 & 2724.00 as targets.
Comment:
a break below 2690.00 would trigger a drop towards 2677.00.
Supports and resistances:
2724.00
2716.00
2706.00
2693.00 Last
2690.00
2677.00
2667.00
Our preference:
short positions below 2706.00 with targets at 2690.00 & 2677.00 in extension.
Alternative scenario:
above 2706.00 look for further upside with 2716.00 & 2724.00 as targets.
Comment:
a break below 2690.00 would trigger a drop towards 2677.00.
Supports and resistances:
2724.00
2716.00
2706.00
2693.00 Last
2690.00
2677.00
2667.00
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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