Gold is neutral
BY Trading Central
|June 26, 2024ST: consolidation in place.
![ST: consolidation in place.](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fqjqyemfi%2Fproduction%2Fb007a8cf49a02ebbd23bacdc7b9c09616cc81a5a-590x400.gif%3Ffit%3Dmax%26auto%3Dformat&w=828&q=75)
Pivot
2395.00
Our preference
Short positions below 2395.00 with targets at 2280.00 & 2230.00 in extension.
Alternative scenario
Above 2395.00 look for further upside with 2450.00 & 2510.00 as targets.
Comment
As long as 2395.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
2510.00 **
2450.00 ***
2395.00 ***
2319.00 Last
2280.00 ***
2230.00 ***
2150.00 ***
Number of asterisks represents the strength of support and resistance levels.
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