Gold may rise to 2480.00 - 2530.00
BY Trading Central
|August 12, 2024ST: choppy.
Pivot
2350.00
Our preference
Long positions above 2350.00 with targets at 2480.00 & 2530.00 in extension.
Alternative scenario
Below 2350.00 look for further downside with 2280.00 & 2230.00 as targets.
Comment
The RSI lacks momentum.
Supports and resistances
2625.00 **
2530.00 ***
2480.00 ***
2427.31 Last
2350.00 ***
2280.00 ***
2230.00 ***
Number of asterisks represents the strength of support and resistance levels.
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