Gold Intraday Analysis: Potential Decline (READ DESCRIPTION)
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.
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