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Analysis

Gold may rise to 2062.00 - 2070.00

BY Trading Central

|February 2, 2024

Intraday: aim @ 2070.00.

 Intraday: aim @ 2070.00.

Pivot

2047.00

Our preference

Long positions above 2047.00 with targets at 2062.00 & 2070.00 in extension.

Alternative scenario

Below 2047.00 look for further downside with 2036.00 & 2029.00 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

2078.00

2070.00

2062.00

2056.00 Last

2047.00

2036.00

2029.00

Number of asterisks represents the strength of support and resistance levels.

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