Gold Intraday: Bullish Bias Above 2573.00 (READ DESCRIPTION)
Gold Intraday Analysis: Bullish Bias Above 2573.00
Pivot Point:
2573.00
Primary Strategy (My Preference):
Consider initiating long positions above the key pivot of 2573.00. Upside targets include 2590.00 as the initial level, followed by an extended move towards 2600.00.
Alternative Scenario:
In the event the price drops below 2573.00, anticipate further downside with targets set at 2563.00 and 2554.00.
Technical Outlook:
While some consolidation may occur, it is expected to be limited. The overall bias remains bullish above 2573.00.
Pivot Point:
2573.00
Primary Strategy (My Preference):
Consider initiating long positions above the key pivot of 2573.00. Upside targets include 2590.00 as the initial level, followed by an extended move towards 2600.00.
Alternative Scenario:
In the event the price drops below 2573.00, anticipate further downside with targets set at 2563.00 and 2554.00.
Technical Outlook:
While some consolidation may occur, it is expected to be limited. The overall bias remains bullish above 2573.00.
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