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Analysis

Gold may fall to 2732.00 - 2742.00

BY Trading Central

|11 1, 2024

Intraday: key resistance at 2761.00.

 Intraday: key resistance at 2761.00.

Pivot

2761.00

Our preference

Short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.

Alternative scenario

Above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.

Comment

As long as the resistance at 2761.00 is not surpassed, the risk of the break below 2742.00 remains high.

Supports and resistances

2790.00

2777.00

2761.00

2753.00 Last

2742.00

2732.00

2717.00

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

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