Gold Intraday: consolidation.
Nov 20, 2024 12:21 PM
short positions below 2635.00 with targets at 2609.00 & 2601.00 in extension.
Pivot: 2635.00
Our preference:
short positions below 2635.00 with targets at 2609.00 & 2601.00 in extension.
Alternative scenario:
above 2635.00 look for further upside with 2642.00 & 2648.00 as targets.
Comment:
as long as 2635.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2648.00
2642.00
2635.00
2630.21 Last
2609.00
2601.00
2594.00
Our preference:
short positions below 2635.00 with targets at 2609.00 & 2601.00 in extension.
Alternative scenario:
above 2635.00 look for further upside with 2642.00 & 2648.00 as targets.
Comment:
as long as 2635.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2648.00
2642.00
2635.00
2630.21 Last
2609.00
2601.00
2594.00
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