Gold ST: bullish bias above 2600.00.

High Volatility
1698398372047
XAUUSD+0%
2024-11-11 03:58Source:TC

Pivot: 2600.00

Our preference: long positions above 2600.00 with targets at 2790.00 & 2870.00 in extension.

Alternative scenario: below 2600.00 look for further downside with 2525.00 & 2450.00 as targets.

Comment: a support base at 2600.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

2940.00 **

2870.00 ***

2790.00 ***

2671.00 Last

2600.00 ***

2525.00 ***

2450.00 ***

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-11-2024 at 03:58 UTC+1

Price reference: 2671.00 last known on 11-11-2024 at 03:58 UTC+1

Investment horizon: ST

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