Gold Intraday: the bias remains bullish.

Limited Increase
u
1698398372047
XAUUSD+0%
2024-10-02 07:01Source:TC

Pivot: 2648.00

Our preference: long positions above 2648.00 with targets at 2664.00 & 2673.00 in extension.

Alternative scenario: below 2648.00 look for further downside with 2635.00 & 2625.00 as targets.

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

Supports and resistances:

2685.00

2673.00

2664.00

2654.48 Last

2648.00

2635.00

2625.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 10-02-2024 at 07:01 UTC+1

Price reference: 2654.48 last known on 10-02-2024 at 07:01 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More