Gold ST: bullish bias above 2605.00.

High Volatility
1698398372047
XAUUSD+0%
2024-12-11 06:13Source:TC

Pivot: 2605.00

Our preference: long positions above 2605.00 with targets at 2720.00 & 2790.00 in extension.

Alternative scenario: below 2605.00 look for further downside with 2540.00 & 2450.00 as targets.

Comment: a support base at 2605.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

2870.00 **

2790.00 ***

2720.00 ***

2679.40 Last

2605.00 ***

2540.00 ***

2450.00 ***

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-11-2024 at 06:13 UTC+1

Price reference: 2679.40 last known on 12-11-2024 at 06:13 UTC+1

Investment horizon: ST

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