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Gold Intraday: Expecting continued upward momentum.(DESCRIPTION)

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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.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.