Gold Intraday: intraday support around 2634.00
Dec 5, 2024 10:43 AM
long positions above 2634.00 with targets at 2666.00 & 2673.00 in extension.
Pivot: 2634.00
Our preference:
long positions above 2634.00 with targets at 2666.00 & 2673.00 in extension.
Alternative scenario:
below 2634.00 look for further downside with 2621.00 & 2612.00 as targets.
Comment:
a support base at 2634.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2678.00
2673.00
2666.00
2647.79 Last
2634.00
2621.00
2612.00
Our preference:
long positions above 2634.00 with targets at 2666.00 & 2673.00 in extension.
Alternative scenario:
below 2634.00 look for further downside with 2621.00 & 2612.00 as targets.
Comment:
a support base at 2634.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
2678.00
2673.00
2666.00
2647.79 Last
2634.00
2621.00
2612.00
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