Gold Intraday: Downside Dominates (read description)
Gold Intraday: Downside Dominates
Pivot:
2512.00
Preferred Strategy:
Sell below 2512.00, targeting 2485.00 and 2478.00 on extension.
Alternative Scenario:
If the price breaks above 2512.00, expect further upside with targets at 2519.00 and 2529.00.
Comment:
The RSI is showing mixed signals, leaning bearish.
Pivot:
2512.00
Preferred Strategy:
Sell below 2512.00, targeting 2485.00 and 2478.00 on extension.
Alternative Scenario:
If the price breaks above 2512.00, expect further upside with targets at 2519.00 and 2529.00.
Comment:
The RSI is showing mixed signals, leaning bearish.
Note
Short positions below 2501 with targets at 2478 & 2472 in extension.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.