Gold Intraday: Expecting continued upward momentum.(DESCRIPTION)
Gold Intraday: Expecting continued upward momentum.
Pivot:
2501.00
Preferred strategy:
Initiate long positions above 2501.00, with short-term targets at 2529.00 and an extended target at 2540.00. This suggests a potential continuation of the bullish trend as long as the price remains above the pivot level.
Alternative:
If the price breaks below 2501.00, further downside could develop with targets at 2493.00 and 2485.00, indicating a possible shift in momentum towards the bearish side.
The RSI remains in bullish territory, reinforcing the likelihood of additional upward movement, suggesting that the current trend may persist.
Pivot:
2501.00
Preferred strategy:
Initiate long positions above 2501.00, with short-term targets at 2529.00 and an extended target at 2540.00. This suggests a potential continuation of the bullish trend as long as the price remains above the pivot level.
Alternative:
If the price breaks below 2501.00, further downside could develop with targets at 2493.00 and 2485.00, indicating a possible shift in momentum towards the bearish side.
The RSI remains in bullish territory, reinforcing the likelihood of additional upward movement, suggesting that the current trend may persist.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.