Gold Intraday Analysis: Targeting 2536.00 (READ DESCRIPTION)
Gold Intraday Analysis: Targeting 2536.00
Pivot Point:
2501.00
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 2501.00. Upside targets include 2528.00 as the initial level, followed by an extended move towards 2536.00.
Alternative Scenario:
In the event the price drops below 2501.00, anticipate further downside pressure with targets set at 2494.00 and 2485.00.
Technical Outlook:
The RSI indicator suggests further upside momentum, supporting a move towards the 2536.00 level. Traders should monitor the 2501.00 level as a key support for bullish continuation.
Pivot Point:
2501.00
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 2501.00. Upside targets include 2528.00 as the initial level, followed by an extended move towards 2536.00.
Alternative Scenario:
In the event the price drops below 2501.00, anticipate further downside pressure with targets set at 2494.00 and 2485.00.
Technical Outlook:
The RSI indicator suggests further upside momentum, supporting a move towards the 2536.00 level. Traders should monitor the 2501.00 level as a key support for bullish continuation.
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