Gold Intraday: the downside prevails
Nov 7, 2024 8:08 AM
short positions below 2678.00 with targets at 2643.00 & 2635.00 in extension.
Pivot: 2678.00
Our preference:
short positions below 2678.00 with targets at 2643.00 & 2635.00 in extension.
Alternative scenario:
above 2678.00 look for further upside with 2689.00 & 2702.00 as targets.
Comment:
as long as the resistance at 2678.00 is not surpassed, the risk of the break below 2643.00 remains high.
Supports and resistances:
2702.00
2689.00
2678.00
2662.53 Last
2643.00
2635.00
2625.00
Our preference:
short positions below 2678.00 with targets at 2643.00 & 2635.00 in extension.
Alternative scenario:
above 2678.00 look for further upside with 2689.00 & 2702.00 as targets.
Comment:
as long as the resistance at 2678.00 is not surpassed, the risk of the break below 2643.00 remains high.
Supports and resistances:
2702.00
2689.00
2678.00
2662.53 Last
2643.00
2635.00
2625.00
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.
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Gold
2657.52
33.59
+1.28%