Gold Short Term: consolidation in place

Jun 10, 2024 1:07 AM

short positions below 2395.00 with targets at 2280.00 & 2230.00 in extension.

Pivot: 2395.00

Our preference: short positions below 2395.00 with targets at 2280.00 & 2230.00 in extension.

Alternative scenario: above 2395.00 look for further upside with 2450.00 & 2510.00 as targets.

Comment: as long as 2395.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
2510.00 **
2450.00 ***
2395.00 ***
2295.60 Last
2280.00 ***
2230.00 ***
2150.00 ***

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