Gold ST: the bias remains bullish.

High Volatility
202506031027289717e22ee07adbaf979553e843796f68
XAUUSD+0%
2024-07-24 03:03Source:TC

Pivot: 2310.00

Our preference: long positions above 2310.00 with targets at 2530.00 & 2625.00 in extension.

Alternative scenario: below 2310.00 look for further downside with 2230.00 & 2150.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

2700.00 **

2625.00 ***

2530.00 ***

2408.00 Last

2310.00 ***

2230.00 ***

2150.00 ***

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-24-2024 at 03:03 UTC+1

Price reference: 2408.00 last known on 07-24-2024 at 03:03 UTC+1

Investment horizon: ST

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