Gold Intraday: bullish bias above 3255.00.

Limited Increase
u
1698398372047
XAUUSD+0%
2025-05-23 13:52Source:TC

Pivot: 3255.00

Our preference: long positions above 3255.00 with targets at 3345.00 & 3415.00 in extension.

Alternative scenario: below 3255.00 look for further downside with 3217.00 & 3190.00 as targets.

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

Supports and resistances:

3435.00

3415.00

3345.00

3326.44 Last

3255.00

3217.00

3190.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-23-2025 at 13:52 UTC+1

Price reference: 3326.44 last known on 05-23-2025 at 13:52 UTC+1

Investment horizon: INTRADAY

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