Gold Intraday: the upside prevails

Apr 11, 2025 6:51 AM

long positions above 3167.00 with targets at 3250.00 & 3275.00 in extension.

Pivot: 3167.00
Our preference:
long positions above 3167.00 with targets at 3250.00 & 3275.00 in extension.
Alternative scenario:
below 3167.00 look for further downside with 3130.00 & 3100.00 as targets.
Comment:
the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
3300.00
3275.00
3250.00
3206.28 Last
3167.00
3130.00
3100.00

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