Gold Intraday: the downside prevails.
May 8, 2024 23:43
Gold (XAU/USD)
18.38+0.76%
short positions below 2316.00 with targets at 2304.00 & 2298.00 in extension.
Pivot: 2316.00
Our preference: short positions below 2316.00 with targets at 2304.00 & 2298.00 in extension.
Alternative scenario: above 2316.00 look for further upside with 2321.00 & 2325.00 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
2325.00
2321.00
2316.00
2309.58 Last
2304.00
2298.00
2292.00
Our preference: short positions below 2316.00 with targets at 2304.00 & 2298.00 in extension.
Alternative scenario: above 2316.00 look for further upside with 2321.00 & 2325.00 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
2325.00
2321.00
2316.00
2309.58 Last
2304.00
2298.00
2292.00
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