• Gold spot Intraday: rebound expected.

    Gold spot Intraday: rebound expected.

     
      Pivot: 1240.00

    Most Likely Scenario: long positions above 1240.00 with targets @ 1265.00 & 1278.00 in extension.

    Alternative scenario: below 1240.00 look for further downside with 1232.00 & 1224.00 as targets.

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

  • You might also like