Gold Intraday: under pressure.

Limited Decrease
l
1698398372047
XAUUSD+0%
2024-12-12 22:01Source:TC

Pivot: 2702.00

Our preference: short positions below 2702.00 with targets at 2673.00 & 2656.00 in extension.

Alternative scenario: above 2702.00 look for further upside with 2726.00 & 2735.00 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

2735.00

2726.00

2702.00

2681.80 Last

2673.00

2656.00

2635.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-12-2024 at 22:01 UTC+1

Price reference: 2681.80 last known on 12-12-2024 at 22:01 UTC+1

Investment horizon: INTRADAY

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