Gold Intraday: Support Around 2494.00 (read description)
Gold Intraday: Support Around 2494.00
Pivot:
2494.00
Preferred Strategy:
Buy above 2494.00, targeting 2518.00 and 2529.00 on extension.
Alternative Scenario:
If the price falls below 2494.00, expect further downside with targets at 2485.00 and 2479.00.
While some consolidation may continue, its scope is likely to remain limited.
Pivot:
2494.00
Preferred Strategy:
Buy above 2494.00, targeting 2518.00 and 2529.00 on extension.
Alternative Scenario:
If the price falls below 2494.00, expect further downside with targets at 2485.00 and 2479.00.
While some consolidation may continue, its scope is likely to remain limited.
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