Gold Intraday: under pressure

Mar 21, 2025 6:03 AM

short positions below 3039.00 with targets at 3018.00 & 3006.00 in extension.

Pivot: 3039.00
Our preference:
short positions below 3039.00 with targets at 3018.00 & 3006.00 in extension.
Alternative scenario:
above 3039.00 look for further upside with 3047.00 & 3057.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
3057.00
3047.00
3039.00
3028.00 Last
3018.00
3006.00
2993.00

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