Gold Intraday Analysis: Potential Decline to 2554.00 - 2561.00
Pivot Point:
2582.00
Primary Strategy (Our Preference):
Consider short positions below the pivot point of 2582.00, with targets set at 2561.00 and extending to 2554.00.
Alternative Scenario:
If the price rises above 2582.00, anticipate further upside with potential targets at 2590.00 and 2600.00.
Technical Outlook:
As long as the resistance level at 2582.00 holds, the likelihood of a decline below 2561.00 remains significant.
Pivot Point:
2582.00
Primary Strategy (Our Preference):
Consider short positions below the pivot point of 2582.00, with targets set at 2561.00 and extending to 2554.00.
Alternative Scenario:
If the price rises above 2582.00, anticipate further upside with potential targets at 2590.00 and 2600.00.
Technical Outlook:
As long as the resistance level at 2582.00 holds, the likelihood of a decline below 2561.00 remains significant.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.