Gold Intraday: consolidation in place.

Limited Decrease
l
1698398372047
XAUUSD+0%
2024-11-07 11:25Source:TC

Pivot: 2678.00

Our preference: short positions below 2678.00 with targets at 2643.00 & 2635.00 in extension.

Alternative scenario: above 2678.00 look for further upside with 2689.00 & 2702.00 as targets.

Comment: as long as the resistance at 2678.00 is not surpassed, the risk of the break below 2643.00 remains high.

Supports and resistances:

2702.00

2689.00

2678.00

2660.59 Last

2643.00

2635.00

2625.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-07-2024 at 11:25 UTC+1

Price reference: 2660.59 last known on 11-07-2024 at 11:25 UTC+1

Investment horizon: INTRADAY

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