Gold Short Term: further upside
Feb 12, 2025 2:29 AM
long positions above 2785.00 with targets at 3000.00 & 3080.00 in extension.
Pivot: 2785.00
Our preference:
long positions above 2785.00 with targets at 3000.00 & 3080.00 in extension.
Alternative scenario:
below 2785.00 look for further downside with 2720.00 & 2650.00 as targets.
Comment:
the RSI shows upside momentum.
Supports and resistances:
3160.00 **
3080.00 ***
3000.00 ***
2894.00 Last
2785.00 ***
2720.00 ***
2650.00 ***
Our preference:
long positions above 2785.00 with targets at 3000.00 & 3080.00 in extension.
Alternative scenario:
below 2785.00 look for further downside with 2720.00 & 2650.00 as targets.
Comment:
the RSI shows upside momentum.
Supports and resistances:
3160.00 **
3080.00 ***
3000.00 ***
2894.00 Last
2785.00 ***
2720.00 ***
2650.00 ***
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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