Gold Intraday: consolidation in place
Feb 11, 2025 10:38 AM
short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
Pivot: 2924.00
Our preference:
short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
Alternative scenario:
above 2924.00 look for further upside with 2943.00 & 2953.00 as targets.
Comment:
as long as 2924.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2953.00
2943.00
2924.00
2904.65 Last
2898.00
2887.00
2874.00
Our preference:
short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
Alternative scenario:
above 2924.00 look for further upside with 2943.00 & 2953.00 as targets.
Comment:
as long as 2924.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2953.00
2943.00
2924.00
2904.65 Last
2898.00
2887.00
2874.00
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.
Related Instruments
Gold
3642.720
9.110
+0.25%
