Gold Intraday: the downside prevails

Apr 17, 2025 6:42 PM

short positions below 3342.00 with targets at 3293.00 & 3266.00 in extension.

Pivot: 3342.00
Our preference:
short positions below 3342.00 with targets at 3293.00 & 3266.00 in extension.
Alternative scenario:
above 3342.00 look for further upside with 3360.00 & 3383.00 as targets.
Comment:
the index currently faces a challenging resistance area at 3342.00.
Supports and resistances:
3383.00
3360.00
3342.00
3317.00 Last
3293.00
3266.00
3242.00

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